Hi Guys,
I don't understand why we need to do settlement and what is the use of it. When we will be doing settlement, either it will be after receving payment or before ?
I searched in internet about settlement of orders, but ain't got the basics cleared. So please help me out with some basic business example.
Q1: What is settlement and why we need to do it and how payment differs from settlement?
Q2: For what kind of orders, settlement is done ? like only for sales/service orders?
Q3: At what time, the settlement is done ?
Q4: What is production order, as i got this term while searching for basics on settlement.