Settlement run

[former_member1244686]

Dear All,

Can you tell me what is settlement? purpose ? When we run it? Is any any accounting entries generated. Kindly please guide me.

regards,

R.Ramakrishnaraj.

[former_member214674]

Hi

Settlement would run to capitalize incurred cost in orders(internal,PO,WBS etc) on the basis of allocation structure,PS transfer and settlement profile to different objects like PSG, GL, WBSe,Cost centre etc.

It can be run either monthly, periodically %age wise, or full settlement.

Settlement rule has to be created for the sender object that will describe receiver and type of settlement.

Regards

Abhinay

[Former Member]

Hi,

Settelment means cost of one cost object like cost center or internal order is setteled in to another object say another cost center or internal order or in case of investment order which gets settel fixed asset etc.

It depends on settelment rule fixed.

regards,

Abhijit

[Former Member]

Hello

Settlement is to allocate cost from the cost object to another cost object of both internal and external to CO area ir GL accounts, Material, Cost center

You can run settlement anytime, ideally settlement run should be in month end. next settlement run will consider all movement ( material, overhead, others) after the first run. so basically you can run settlement weekly also

yes accounting entry happens. If the receiving cost object is internal like Cost center then co document will be genarated. In case of settlement to external then FI and co document will be generated

Regards

Dinabandhu