SAP CO Settlement Profile for Internal Order Settlement as already discussed in our previous posts is an important part of Period End activities. To enable settlement of Internal Order we need to maintain Settlement Rule in the Internal Order. The Settlement Rule is governed by the parameters maintained under Settlement Profile.
Full Answer
How to create Settlement profile in SAP?
You can create settlement profile in SAP by using one of the following navigation method. SAP IMG Path: – SPRO -> IMG -> Controlling -> Internal orders -> Actual postings -> settlement -> Maintain settlement profiles Step 1: – Enter transaction code “OKO7” in the SAP command field and enter.
What is the settlement profile of order?
The Settlement Profile is maintained in the Order Type and defaults during creating of order. The retention period for the settlement documents. Valid receivers GL account, cost center, order, WBS element, fixed asset, material, profitability segment, sales order, cost objects, order items, business process. Document type is also attached here.
What is the default value for the settlement profile?
The default value for the settlement profile is taken from the order type for orders and networks, from the project profile for WBS elements, from the requirements class for sales orders and from the cost object type for general objects. You create the settlement profile in Customizing (OKO7).
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 is settlement profile?
What does "to be settled in full" mean?
Can choose be settled?
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What is the use of settlement profile in SAP?
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.
How do I create a settlement profile in SAP?
Create Settlement Profile Step 1: – Enter transaction code “OKO7” in the SAP command field and enter. Step 2: – On settlement profile overview screen, click on new entries to create settlement profiles as per organization requirements. Step 3: – On the new entries screen, update the following fields.
What is the meaning of settlement in SAP?
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 can you configure in the settlement profile?
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 a settlement profile?
All the costs or revenues which are collected in the Production order or Sales order for example have to be settled to a receiver at the end of the period. This receiver could be a Gl account, a cost center, profitability analysis or asset.
What is settlement profiling?
Settlement profiling is based on the guiding principles of the MPA. It focuses on developing a more comprehensive understanding of a settlement and provides an analytical framework for assessing the settlement conditions in their wider context.
What is settlement profile in internal order?
The settlement profile is the part of order configuration that provides the order type with the details of how it can settle the order costs. It accomplishes this by controlling how settlement rule can be defined for internal order. T. The settlement profile stands as an accumulation of the other areas of settlement.
What is the default value in settlement profile to?
Default Values PA transfer structure – Used to transfer, FI posting to Profitability Analysis. In PA transfer structure relevant accounts are assigned to value fields in Profitability Analysis, through assignment lines.
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 assign a settlement profile to a company code?
If it is Internal Orders Settlement Creation of Settlement Profile in OKO7. Assign this Settlement Profile in KOT2 --- Define Order Type. Assign Order Type in KO01 -- Create Internal Order. Here only you will give Company Code.
How do you maintain settlement rules?
If a settlement rule does not yet exist for the order, you must first specify whether you want to maintain the settlement rule with or without the system proposal for the distribution rule. A screen appears where you can maintain the settlement rule.
What is Process order settlement in SAP?
When a production order is settled, the actual costs incurred for the order are settled to one or more receiver cost-objects (for example, to the account for the material produced or to a sales order).
How do I assign a settlement profile to a company code?
If it is Internal Orders Settlement Creation of Settlement Profile in OKO7. Assign this Settlement Profile in KOT2 --- Define Order Type. Assign Order Type in KO01 -- Create Internal Order. Here only you will give Company Code.
How do I create a settlement receiver 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 you create a settlement rule in WBS in SAP?
you can also create a settlement rule using T-code CJ88 and put the Project definition or WBS element, Period and posting date. AUC will automatically create against WBS. You can also create it manually by selecting the WBS element then Press CTRL+F3 by keyboard and put the requirement entry, your auc will create.
What is the default value in settlement profile to?
Default Values PA transfer structure – Used to transfer, FI posting to Profitability Analysis. In PA transfer structure relevant accounts are assigned to value fields in Profitability Analysis, through assignment lines.
where we are assign the settlement profile in PS - SAP
Hi friends, In Project Systems where we are assign the settlement profile. Regards, Hari
settlement profile inf&configuration | SAP Community
hi, can you tell me about setlement profile inf&configuration. regards. jana
How do settlement rules, settlement profiles and allocation structures ...
How do settlement rules, settlement profiles and allocation structures work together? 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 p...
SAP PS - Settlement Profile - tutorialspoint.com
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 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.
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 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.
Where is an account assignment proposal maintained?
An account assignment proposal must be maintained in the settlement profile (for example, cost center, profitability segment)
Can a system maintain settlement parameters?
At the same time , as system cannot maintain the settlement parameters during settlement to a receiver, this the settlement profile should be assinged in the order type in OPJH -Maintain Production Order Type .
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 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.
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 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.
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.
Can you create a settlement rule manually?
Generated Settlement Rules. There are a lot of object types (including production orders and sales orders) where it is not feasible for the user to create a settlement rule manually. For this reason, the system generates the settlement rules automatically at certain times.
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.
