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author's profile photo Former Member
Former Member

Process order settlement

Hello Experts,

I have a question about Process order Settlement, can anyone help me?

We are using product cost by order and have executed:

- overhead

- work in process (cut off period 4)

- variances

Everything normal so far, but the settlement took only around 50 materials instead of approximately 2000 (5000 in the variance list).

1. How can I check the reason that other materials did not be settled? If the period 5 has been closed, whether I can enter 5 in settlement period and posting period?

2. And how to cancle the variance (KKS1) which has been calculated?

I will high appreciate your reply.

Thank you in advance.

Maria

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jun 12, 2007 at 05:23 AM

    Hi Maria,

    The orders which have order status TECO or DLV only will be settled. Please check the order status and do the TECO to have the settlement.

    If period 5 closed you cannot enter 5 in settlement period.

    Regards

    Ranga

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 12, 2007 at 05:12 AM

    Maria,

    Just check the following:

    1) All orders are set with either TECO or DLV status (if you are performing full settlement of orders.) If periodic settlement this would not be required. The variances

    2) The actual cost were incurred in the period of settlement.

    If the period 5 is closed, I dont think you could post the settlement in that period.

    Regards

    Ramanujan

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 12, 2007 at 05:39 AM

    Hi Maria ,

    For the order to be settled it should be in TECO or DLV status.......

    I guess that we can re-open the period & then settle the order against that .............

    Please reward points if helpful......

    Thanks

    Kaushik

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    • Former Member

      Hi,

      Thank you, but we have carried out the Overhead, WIP and Vairiances, so if I want to re-execute the transactions CO88 after I reopened Period 5, whether I need to cancel Variances before.

      Besides, I wonder if I can re-open the period 5, I worry about it will effect FICO.

      Thanks & Regards,

      Maria

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