Hi Shantanu Singh,
Service Charge Settlement - Purpose :
This component contains the functions for settling all service charges for Real Estate contracts and rental objects that have already been entered in financial accounting and cost accounting:
· Settlement of operating costs and heating expenses
· Settlement of heating expenses monitored by external settlement companies (over data medium exchange)
The main usage of Service charge settlement is :
You use this component to distribute apportionable costs to tenants for a particular settlement period, using individual control mechanisms:
Example :water bills / electricity charges / gas charges ....etc we may charge based on the consumption only, according to the meter readings we will charge to customers periodically.
The below links may help you to have a basic understanding on SERVICE CHARGE SETTLEMENT process.
http://help.sap.com/saphelp_470/helpdata/en/b3/1a393cc2b06a58e10000000a114084/content.htm
Std. Config Manual with clarifications :
Hope it may helps you to get an idea on the same, pls revert if need any more clarificatins.
Regards,
Subbarao