All the costs or revenues which are collected in the Production order or Sales order for example have to be settled to a receiver at the end of the period. This receiver could be a Gl account, a cost center, profitability analysis or asset.
In order to settle the costs of the production order or sales order a settlement profile is needed. In a 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.Â The Settlement Profile is maintained in the Order Type and defaults during creating of order.
Settlement profile includes:
- The retention period for the settlement documents.
- Valid receivers GL account, cost center, order, WBS element, fixed asset, material, profitability segment, sales order, cost objects, order items, business process.
- Document type is also attached here.
- Allocation structure and PA transfer structure is also attached to the settlement profile e.g. A1