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. Step 3 − To create a new settlement profile, click New Entries in the Settlement profile overview window.
Full Answer
How to maintain Settlement profile in system?
You can maintain a settlement profile in system. 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.
What is the settlement rule?
The settlement rule is a combination or else comprise of distribution rule. No Distribution rule, no settlement! Note – In the last step, assign the project profile to the settlement profile. This blog post highlights the config parameters of settlement profile. In the next edition will cover the process flow of settlement.
How does amount settlement work in SAP?
SAP note 330001 describes how amount settlement works, providing detailed examples. The main theory of amount settlement is that the amount to be settled (from the distribution rule) is proportionately deducted from incurred costs. The rest is distributed to the receivers of the percentage rules.
Can we maintain Settlement Rule for activity account assigned networks?
As Nitin said, you cannot maintain Settlement rule for Activity account assigned networks. Also, as Lakshmi Narayan metioned, you can maintain default rule. Help to improve this answer by adding a comment.
How do you create a settlement rule in SAP PS?
ProcedureChoose 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 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 maintain settlement rule in WBS?
Detailed procedureClick the Settlement Rule button in the menu.Click in the Cat (Category) field and choose WBS element in the Maintain Settlement Rule: Overview screen.Enter the relevant project WBS element in the Settlement Receiver field.Click Back to return to the Change WBS Element: Basic Data screen.
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.
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...
How do I delete a settlement rule in SAP?
Once a settlement receiver has been used in a settlement SAPgui will not allow it to be deleted from the settlement rule. To make the change, put an end date on that settlement rule (To Period / To Fiscal Year fields) and create a second rule using the new receiver, including the From Period / From Fiscal Year fields.
How do I create a budget for WBS element in SAP?
Creating WBS Elements in SAP PM To use WBS elements, use Transaction CJ01 to define a project (for example, plant maintenance budgeting) and then use Transaction CJ11 to create several levels of WBS elements as a basis for a budgetary structure.
How do I change the internal order settlement rule in SAP?
Step-1: Go to transaction KO02. Go to Accounting → Controlling → Internal Orders → Master Data → Special Functions → Order → Change. Step-2: In the next screen, enter the order details which requires settlement and click on Master Data to proceed. Step-3: Click on the Settlement Rule to proceed.
What is KO8G in SAP?
The SAP TCode KO8G is used for the task : Actual Settlment: Int. -/Maintenance Orders. The TCode belongs to the KABR package.
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 SAP allocation structure?
An allocation structure comprises one or several settlement assignments. An assignment shows which costs (origin: cost element groups from debit cost elements) are to be settled to which receiver type (for example, cost center, order, and so on).
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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.
What is settlement rule?
The settlement rule contains the settlement parameters as well as the distribution rules. Distribution rules contain the settlement receivers, settlement shares and settlement type. They can contain a source assignment. 1.
How does SAP note 330001 work?
SAP note 330001 describes how amount settlement works, providing detailed examples. The main theory of amount settlement is that the amount to be settled (from the distribution rule) is proportionately deducted from incurred costs. The rest is distributed to the receivers of the percentage rules. The amount settlement does not take place if there are no costs that need to be settled. Please see useful information in SAP note 50249.
What is the difference between a 100% per and a 100% Ful rule?
This means that all costs from the settlement period are settled using the PER rule, and the activity information for these costs are transferred thus to the receiver cost center. On the other hand, the FUL rule ensures that any subsequent costs that were settled to the past are also settled.
What is hierarchy settlement?
This means that a sender (that is also a receiver during this settlement) is processed according to the object settled to it. This is controlled by the hierarchy number in the settlement parameters.
What is external settlement?
External means that the settlement not only occurs in CO, but also triggers postings in Financial Accounting. You specify whether a receiver category can be entered in a distribution rule or not in the settlement profile. 2. Distribution Rules using Percentages, Equivalence Numbers and Amounts.
What happens if you enter 0%?
If you enter 0%, you can, however, force a different settlement. The following are examples of automatically created distribution rules: Production order: Settlement rule to material or sales order. The rule is created at the same time as the order.
What are distribution rules?
Distribution Rules using Percentages, Equivalence Numbers and Amounts. Settlement is made depending on the settlement rule created. You can create distribution rules with either percentages, equivalence numbers or amounts.
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.
Why create network profile in SAP?
You can create network profile in SAP PS to maintain Network and WBS structure and to define rules for linking networks.
What is the default for all activities in Plant?
Plant − Enter plant code and it is default for all activities