In this chapter we will explain the service charge settlement process and factors influencing it, as well as describe the posting procedures. In this chapter, we will discuss the following:
Infrastructure of service charge settlements
Pre-requisites to configuring a service charge settlement
Configurations for service charge settlements in REFX
Define RE-specific account properties
Let us understand this using a business scenario .
Let us take an example of a mall where shops are let out on a rental basis to various units, like a fast food restaurant, ...