An internal order is used as an interim collector of costs and is used for planning, monitoring, and controlling the processes. When the job has been completed, you settle the costs to one or more receivers like cost centers, fixed assets, etc.

How to perform settlement of IO to Cost Centers?

Use the T-code: KO02 or Go to Accounting → Controlling → Internal Orders → Master Data → Special Functions → Change.

Settlement Special Function

A new window will open. Enter the Order number for which settlement is to be done.

Settlement Order Number

Click the Settlement rule button at the top −

Settlement Rule

Enter the following details −

  • In Category column, enter ‘CTR’ for the cost center.
  • In Settlement receiver Column, enter the Cost Center in which the Order is to be settled.
  • Enter the percentage amount which is to be settled.
  • In Settlement type, enter ‘PER’ for periodic settlement.

Settlement Rule Overview

Click the save button at the top to save the settlement rule and come back to the main screen.

Enter the T-code KO88 and input the following details −

  • Order for which the settlement rule is maintained.
  • Period for settlement.
  • Fiscal Year.
  • Uncheck the Test Run.
  • Click on the Execute Button to run the settlement.

Settlement Order

A new window will open with a Settlement display message. Click the Continue button to complete the processing.

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