Settlement means : your posting all the incurred costs to the restive accounts, with Planned data & actual data. Based on the Planned & actual data, the variance also calculated accordingly. Once the Order is settled, you will have the Ballance zero.
Full Answer
What is settlement management in SAP?
SETTLEMENT MANAGEMENT. Welcome to the SAP Settlement Management Wiki. Settlement Management functionality supports all types of settlement processes, including core business processes that need to be fully integrated in the order-to-cash cycle or within in a procure-to-pay scenario, such as condition contract settlement (rebate settlement),...
What is freight settlement in SAP Transportation Management?
Freight Settlement. In SAP Transportation Management (SAP TM), you can perform freight settlement with your suppliers or carriers by creating a freight settlement document (FSD) and sending it to SAP ERP. SAP ERP uses the FSD to create a purchase order and a service entry sheet (SES). The SES is the basis for invoice verification in SAP ERP.
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 of Io in SAP co?
SAP CO - Settlement of IO. An internal order is used as an interim collector of costs and is used for planning, monitoring, and controlling the processes.
What is settlement in production?
Settlement is nothing but, While doing production the target cost and actual cost will be saved in prod order. This will be in intermediate stage.
What happens when you settle a cost that is not yet settled?
When you do the settlement, the cost which is not yet settled will be settled.
Can you settlemt with CO88?
You can do the settlemt with CO88/KO88.
When to use condition contract settlement?
Therefore you use condition contract settlement if you are planning to create new rebate agreements before you upgrade to SAP S/4 HANA.
When is a rebate agreement settled?
A rebate agreement is finally settled when you issue a credit memo to the customer for the accumulated rebate total.
Do you need to adopt a sales order?
So there is no need to adopt the Sales order anymore.
Can a sales document be created before a condition contract?
I won’t be explaining how to create a Sales document, Delivery, PGI, Invoice etc but what needs to be mentioned is that either these documents can be created before the condition contract creation or after the condition contract creation. In case Sales document is created after the contract creation, REBA accrual condition would be available in the conditions tab.
Can SAP Business Suite be moved to SAP S/4?
It is not possible to create or extend the existing type rebate agreement s.
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 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 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.
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?
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.
