Order Settlement

[Former Member]

Can somebody shed some light on the use of the settlement screen KO8G?

[Former Member · Accepted solution]

KO8G is a transaction for collective settlement or transfer of cost from order to cost center / GL / Order etc based on the settlement rule maintained in the order. You can select the orders based on parameters defined in selection variants.

The transaction gets executed for the period & fiscal year given in the selection screen. You also have a option to carry out FI postings, if any to period other than the settlement period.

After settlement the balance on orders will be NIL.

Regards

Rakesh Pawaskar

[Former Member]

Hi,

Good morning and greetings,

As you know the Internal Orders are created as a bucket to capture costs for a particular tasks...You will have planned cost in the Internal order and against that actual costs also flow on to the same Internal Order...This process of Settlement finds out the variance between planned vs. actual and settles the difference.

This is the process of Settlement.

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Thanking you

With kindest regards

Ramesh Padmanabhan

[Former Member]

Hi

Settlement is the process where the accumilated costs/revenues of a particular internal order will be posted to any one of the following

1.Another internal order

2.Cost center

3.G/L account.

When the settlement is made the all accumilated figures in that interal order will be distributed based on your settlement structure.

Regards

Muralidhar

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