Create Settlement Profile

In the settlement profile , you define a range of control parameters for settlement. You must define the settlement profile before you can enter a settlement rule for a sender.

If you want to settle the costs each time to just one cost center or just one G/L account, you need a settlement profile. As you cannot maintain the settlement parameters during settlement to a receiver, you must save the settlement profile either in the order type or in the model- or reference order.

Recommendation

The settlement profile includes, among other things, the retention period for the settlement documents. You should bear in mind the following when you determine the retention period.

The settlement documents take up additional storage capacity. When a posting period is finally locked against further postings in Financial Accounting and Controlling, you can clear the settlement documents. However, you should build in a safety margin, as you will need the settlement documents if you have to cancel any settlements or repeat the period end close.

Activities

1. Create a settlement profile.
2. Save the profile in the order type.

Additional Information

For more information on this subject, go to the R/3 Library and choose Controlling -> Internal Orders - > CO Settlement.

Further notes

The settlement profile for settling a
run schedule header must allow settlement to a material. If you want to settle variances to Profitability Analysis, the Variances indicator must also be set and settlement to a profitability segment must be allowed.
The settlement profile is proposed through the order type of the production cost collector.
The settlement profile for settling a cost object hierarchy must allow settlement to a G/L account. If variances are settled to Profitability Analysis, the indicator Abweichungen must also be set and settlement to a Profitability Segment must be allowed.
The settlement profile for settlement of a cost object hierarchy is proposed through the cost object profile. If you specified in the cost object category that the costs of the hierarchy must be distributed to the assigned run schedule headers, you must maintain only the settlement parameters for run schedule headers.

See also: