Internal Order :Settlement
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Hello All,
Business requires settlement of costs on a real Internal Order to be as follows:
- All Costs on GL Account 10001 to be treated as expenses and posted back to GL 10001
- All other Costs to be charged to AUC
Configuration set-up (Settlement using Allocation Structure)
Assignment > Expenses
> Source - CE 10001
> Settlement CE - CTR / By CE
Assignment > Capital
> Source - All Other CE's (Group)
> Settlement CE - FXA / By CE
This Allocation Str is assigned to Settlement Profile which is Assigned to Order
Transaction Data:Costs posted to Internal Order
- $1,800 posted to GL Account 10001
- $1,200 posted to GL Account 10099
Settlement Rule defined for Internal Order:
- CTR - AB100
- FXA - 1000044
(issue - System forcing to check on %, so have used equivalance number 1:1)
Expectation: (On Settlement)
- DR to Asset (1000044) for $1,200
- DR to Cost Centre AB100 (CE 10001) for 1,800
- CR to the same CE with assignment to Internal Order
However, on running settlement (KO88)
get the following error: Message no. KD506
Define a settlement cost element for receiver type FXA ( Diagnosis: In allocation structure ZT (controlling area 1000), you did not define which cost element should be used when settling costs/revenues of the sender. Nor did you define receiver type FXA)
Assistance in resolving the above would be appreciated. Pl inform:
- Changes / modifications to Configuration (Allocation Structure)
- Changes / modifications to settlement Rule (IO)
- Any other step missing
Thanks & Regards
Raj