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author's profile photo Former Member
Former Member

Actual cost of Production Order settled to Fixed Assets

Dear all,

My client is doing in-house production of moulds (internal order suggestion is not accepted by the client) for which

they have the following

1. BOM

2. Machine hour

3. labour

4. overhead etc

5.plan value

6. actual value

Can i settle the actual cost of production order to Fixed Asset ?

If yes

what are process kindly give me if any process other then the below

1.production order created

2. settlement profile - FA is settlement optional

3. allocation structure

4. Asset created

5 define asset in settlement rule

Kindly give me your valuable input

regards

elango

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Apr 20, 2011 at 02:41 PM

    Hi,

    Although i am not CO expert , please check with your FICO consultant who are expert before make the final call.

    During settlement to a G/L account or a fixed asset, the system ignores additional account assignments that were manually specified in the distribution rule.

    Based on what i know .

    you can stipulate that settlement may be made to cost centers and orders, but not to fixed assets.

    The Settlement profile is something that you need to create a settlement rule to settle the actual costs of a sender object.

    About the Settlement rule is something that contains the distribution rules for the sender. It will define how the way to settle the cost.

    Allocation Structure

    In the settlement structure you combine the primary and secondary cost elements into groups, in which debits are then posted to the sender objects. For each group, you specify whether (for settlement to a given receiver type) settlement is performed

    by cost element or using a settlement cost element.

    For example, you might use settlement cost elements:

    To document the purpose of an order (such as, repairs or maintenance)

    To reduce data volumes (you can combine a number of debit cost elements

    under one settlement cost element).

    TQ

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