The settlement profile in SAP PS can be maintained by the following steps: Step 1 − Use the T-code: OKO7 or navigate to SPRO → IMG → Controlling → Internal Orders → Actual Postings → Settlement → Maintain settlement profiles. Step 2 − In the next window, select maintain settlement profiles and click Choose.
Full Answer
What is a project in SAP PS?
SAP PS - What is a Project? In a project, you collect cost and revenues temporarily and they have to settle as part of period end processing. You need a settlement profile stored in project profile or network type, which determines whether settlement is required, allowed, or blocked.
What cost objects in SAP require settlement?
This question was posed specifically about project systems, but this applies to all cost objects in SAP that require settlement: Production orders, process orders, sales orders, and internal orders. To learn more about settlement rules and other SAP FICO topics please visit our new SAP FICO Learning Center please click here.
What is Settlement profile in SAP?
SAP PS - Settlement Profile - In a project, you collect cost and revenues temporarily and they have to settle as part of period end processing. You need a settlement profile stored in projec
What is settlement by cost element?
Settlement by Cost Element: During settlement by cost element, the system settles each debit again with the source cost element. The cost element of a debit, therefore, does not change during the settlement transaction.
How do you create a settlement in SAP PS?
You must enter a settlement rule for each object you want to settle. The settlement rule contains the receiver, the apportionment rule, and other settlement parameters. You can change the profile settings in the settlement rule parameters for an object.
What is settlement rule in SAP PS?
Definition. Defines what proportion of the costs on a sender should be settled to which receiver(s). For this, one or more distribution rules are assigned to each settlement sender. Use.
How do you create a settlement in SAP?
In the commission system, choose Tools -> Periodic Processing -> Settlement. Enter the following data: Contract number : If you have not entered a contract, all contracts are settled. Settlement type : Choose a settlement type to which no reserve type is assigned.
How do I create a settlement receiver in SAP?
Creating a Settlement RuleChoose Settlement rule in the master data maintenance for the relevant sender object. ... You maintain settlement rules in Customizing under Controlling Internal Orders Actual Postings Settlement Maintain Settlement Profiles .Choose Edit New rule or enter the value directly.
What is a settlement in SAP?
The settlement function is in the back office area. This function enables you to settle financial transactions that belong the Contract activity. The flows for the purchase/sale of transactions with planned status become actual flows.
What is settlement rule in SAP?
The settlement rule includes one or more distribution rules for the production order. The distribution rule consists of a cost receiver, a settlement share and a settlement type: The settlement receiver determines to which cost object the actual costs of the production order are to be settled.
What is CJ88 used for in SAP?
The SAP TCode CJ88 is used for the task : Settle Projects and Networks. The TCode belongs to the KABR package.
What is WBS settlement?
Settlement is the process where the actual costs incurred for a WBS element, network, or activity are allocated, in whole or in part, to one or more receivers. In the process, offset entries crediting the project are generated automatically. The debit postings remain in the receivers after settlement.
What is settlement receiver in SAP?
Definition. Receiver of the costs which arise from the processing of an order. The receiver of the costs is identified by the receiver category (for example, "cost center") and the receiver key (for example, "511"). Use.
How do I view a settlement rule in SAP?
go to T Code: CJ88, Enter the WBS element for which you want to see the Settlement rules. Then enter the period the fiscal year check the test run.. hit enter upon entring the description appears net to the WBS elemt you jsut enetered.. then click on goto >settlment rules -->itemization or the settlement rules...
Where is settlement rule maintained in SAP?
ProcedureChoose Settlement rule in the master data maintenance for the relevant sender object. The screen Maintain Settlement Rule: Overview screen appears. ... Choose Edit New Rule. or enter the value directly. ... Specify the settlement type for each distribution rule. Note.
How do I view a settlement rule in SAP?
go to T Code: CJ88, Enter the WBS element for which you want to see the Settlement rules. Then enter the period the fiscal year check the test run.. hit enter upon entring the description appears net to the WBS elemt you jsut enetered.. then click on goto >settlment rules -->itemization or the settlement rules...
What is the document type used for project settlement posting?
As of now all project settlement entries show in FI with doc type 'SA' .
What is allocation structure in SAP PM?
The allocation structure determines what source cost elements are posted to what settlement cost centers. For example, you can group together material costs to see them separately from labor costs and service costs.
What is settlement profile?
You need a settlement profile stored in project profile or network type, which determines whether settlement is required, allowed, or blocked.
Can you maintain a settlement profile in System?
You can maintain a settlement profile in system.
Can you use settlement profile to define actual costs?
As per the settings in the settlement profile, there is a need to settle the costs of an object in full before that object is achieved in the system. You can maintain a settlement profile in system.
What is SAP project information system?
In SAP system, a Project Information System is used to monitor and control the project master data. It allows you to analyze each project, part of projects, or multiple projects.
What is the cost component in SAP?
In SAP PS, you can use the Cost component to plan, monitor, and control project cost for projects. This component is integrated with different components in SAP ERP system −
What is costing variant in SAP?
Costing variants are used to define the pricing strategy in the system for costing and how overhead should be determined.
What is project system?
Project System is one of the key modules of SAP to perform project and portfolio management. It helps you to manage the project life cycle starting from structuring to planning, execution, until the project completion. Project system is closely integrated with other SAP modules like logistics, material management, Sales and Distribution, Plant Maintenance, and Production planning module.
What is access control list in SAP?
In SAP Project system, you use access control list to assign authorizations for specific Project system objects. The Access control list function should be activated in project profile or network profile.
What is a status profile in SAP?
A status profile contains the individual user statuses and the business transaction rules defined for those statuses. You can define multiple limit number of user status profiles that can be maintained in SAP system.
What is a company code in SAP?
In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. Company code is smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated.
What is settlement assignment?
The settlement assignment is a grouping of cost elements or cost element groups that should be treated in the same way during the settlement . Settlement by Cost Element: During settlement by cost element, the system settles each debit again with the source cost element.
Can you settle by cost element?
There are some conditions under which it is not possible to settle by cost element to a Cost Centre. One of these is when the original debit is a secondary cost, for example, for internal activity allocation. The reason is that there is no corresponding expense account for secondary costs.
How to analyze tables relevant to settlement?
The RKA_SETTLE_TABLES_COMPARE analysis report has especially been developed for settlement. This report displays tables relevant to settlement as well as additional functions. To analyze an object, you start it by entering its object number (OBJNR). This object number can be easily found by starting report RKACSHOW for the CO object. It is displayed in the header of RKACSHOW.
What does a settlement document show?
The settlement documents show which settlement was made for which amount, from which credit record. There are two display options for the analysis:
How to write flow trace in KO88?
You can activate this in the initial screen menu in KO88 by choosing "Extras -> Activate flow trace". Once you have called up the settlement, you can see the basic list of the log. This provides a very good picture of the technical progress of the settlement and of possible errors in settlement Customizing. The log explains comprehensively why the settlement settled which costs and where. It is recommended that you use this function. It often enables you to search for errors successfully without debugging.
How to find SAP notes?
You can find relevant SAP notes and KBAs (knowledge base articles) for order settlement by using the component CO-PC-OBJ or CO-OM-OPA-F and the search term "Settlement", or by using transactions (such as KO88 or CO88). If you received an error message or a program termination, then this should be specified in the search. We recommend to use the five digit error code (e.g. "KD256" or "KD 256") or the report name (e.g. RKO7CO88).
What is the display of settlement documents?
The display is based on the settlement documents. All the settlement documents that are in the system are displayed for the object, regardless of the period. The total of all the documents is also displayed. If settlement documents have already been archived, then these costs are not included. The system issues a warning if this is the case.
Where is the settlement rule saved?
The settlement rule is saved in the COBRA and COBRB tables. COBRA contains the settlement parameters and COBRB contains the settlement rule.
Does settlement require programming?
This article deals with ways of analyzing settlement, which do not require debugging or programming skills and provides an extensive explanation of the settlement results.
What is settlement profile configuration?
The settlement profile configuration determines if the order is settled in full, can be settled, or not, what receivers are valid , what allocation structure is relevant, along with many other settings. This is the key piece of settlement configuration that links together other elements like the allocation structure. A different settlement rule is generally required for each cost object.
What is settlement rule?
The settlement rule is generated based on the settlement profile assigned to that order type. The settlement profile configuration determines if the order is settled in full, can be settled, or not, what receivers are valid, what allocation structure is relevant, along with many other settings.
What is allocation structure?
The allocation structure determines what source cost elements are posted to what settlement cost centers. For example, you can group together material costs to see them separately from labor costs and service costs. You can also settle those costs to different settlement cost elements to have more visibility to that level of detail during settlement.
What is settlement profile?
The settlement profile is a prerequisite for settlement process flow.
What does "to be settled in full" mean?
To be settled in full – Object needs to be with value 0, before close status or deletion flag. Can be settled – Only warning message, when Object is set to close status or deletion flag, if the balance, not 0.
Can choose be settled?
Choose ” can be settled “ – Can include receiver in settlement rule. Choose ” Must be settled “ – Must include receiver in one settlement rule at least. Allocation structure – Used to Allocate cost posted/incurred on a sender by cost element or cost element group.
