What is Settlement Profile in SAP PS? The cost and revenues which are temporarily collected have to be settled as being a part of period end processing. To determine whether settlement is required, allowed or blocked a settlement profile is required which is to be stored in project profile.
What is a settlement profile?
In a settlement profile you define a range of control parameters for settlement. You must define the settlement profile before you can enter a settlement rule for a sender. The Settlement Profile is maintained in the Order Type and defaults during creating of order. The retention period for the settlement documents.
What is settlement parameter in SAP?
The settlement parameter consist of Settlement profile, Settlement structure, PA transfer Structure and so on that must be specified in Order Master record. Now we come to Settlement profile;The settlement profile specifies the default values for the other parameters, which is derived from the order type.
How to create Settlement profile in IMG_?
IMG_-> Controlling --> Product Cost Controlling >Cost Object Controlling > Product Cost by Order -->Period-End Closing > Settlement > Create Settlement profile Based on the allocation structure ,PA structure & the setting in Settlement profile, the settlement is carried out for production.
What transfer structure is attached to the settlement profile?
Allocation structure and PA transfer structure is also attached to the settlement profile.
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 is governed by the parameters maintained under Settlement Profile. In other words, we define a range of control parameters for settlement in the settlement profile. The settlement profile must defined before maintenance of settlement rule for a sender (Internal Order).
What does the warning message mean in Settlement Rule?
It is a warning message, so you can go ahead and save even if amount does not equal to 100%.
Can you settle an order if it is not 100%?
But system at the same time does not allow you to settle order if the amount is not equal to 100%. This indicator helps you to identify if the amount specified in settlement rule is not equal to 100%.
Can settlement parameters be maintained?
Settlement parameters (Rule) cannot be maintained during settlement to a receiver , one must save the settlement profile either in the order type or in the model order or reference order.
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