Purpose
Use this procedure to settle internal order cost and revenue postings for a single internal order.
Trigger
Perform this procedure when you need to settle actual costs (or revenues) for a single internal order.
Note : Internal Order settlement is a part of the month-end scheduled tasks carried out by Central Accounting. Corrections or adjustments on the settlement for a single internal order may require this transaction. Furthermore, late postings of actual costs to internal orders (after the month-end is closed) may require an additional run of the settlement process for those internal orders.
Prerequisites
Settlement rule is defined for the order.
Actual costs are posted (otherwise, a report with "No list" is generated).
The internal order is relevant for settlement process.
The internal order shoud be either in REL - Released or TECO - Technically Complete status.
Menu Path
N/A
Transaction Code
KO88
Helpful Hints
R/O/C column in tables represents Required, Optional, or Conditional entry.
Always conduct a Test Run to verify the posting and amounts before running the actual settlement.
You may reverse a settlement using this same transaction. Instead of completing Step 6, use the menu path: Settlement Reverse .
Only the last settlement performed for a sender may be reversed.
o If you have settled a sender more than once within a period, you must also reverse those settlements one by one. To do so, first reverse the last settlement for the period, then the second-to-last, and so on.
Procedure
1.
Start the transaction using the menu path or transaction code. The Actual Settlement: Order screen displays.Actual Settlement: Order
2.
As required, complete/review the following fields:Field R/O/C Description
Order R Sales, billing, purchase, internal, or work order number that
uniquely identifies an object.
Example:
Field R/O/C Description
Settlement period R The dates between which business events are to be
posted. On internal order processing, accounting periods to be settled.
Example:
02
Fiscal Year R The fiscal year for which this transaction is relevant.
Example:
2008
3.
Click Processing type combo box . A drop-down list displays.4.
Select 1 Automatic .5.
Ensure Test Run check box is checked.Always conduct a test run to verify the settlement before actually executing.
Actual Settlement: Order Basic list
Actual Settlement: Order Detail list
8.
As required, complete/review the following fields:Field R/O/C Description
Senders R The cost object from which costs are allocated. Examples
include cost centers, internal orders, etc. Rules are established to identify how costs are allocated, either by fixed rates, fixed amounts, or posted amounts.
Example:
ORD 7PK07LAWN101
Actual Settlement: Order Sender debits
Actual Settlement: Order Detail list
Actual Settlement: Order Receiver debits
Actual Settlement: Order Detail list
Actual Settlement: Order Basic list
Actual Settlement: Order
15.
Uncheck Test Run check box.Actual Settlement: Order Basic list
Actual Settlement: Order Detail list
