In a customer project we have RA and settlement as a period end process but as COPA is not configured, So can we settle it to internal order? or is it advisable to settle to internal order?
If its just a matter of closing the project you can settle it to any of the valid receivers. However, since you said that there is no COPA implemented it would be better to discuss with your business as to how they would like to view the project results. If viewing the proejct results from the COPA perspective is not important go ahead with settling to the internal order.
It is better to settle to a G/l account. for this we need to set in the alocation structure receiver as G/L and settlement cost element with cost element category 21 or 22 (internal or external settlemet) based on the receiver. with this what happens at any given point of time we can see the detailed reports cost element based as well at G/L level also.
Thanks all for your replies..But if actual cost and actual revenue is still there on the project, even then i am able to close the project without doing any setllement..So, is it correct behavoiur of the system or there is something wrong?
Check your settlement profile. Is it maintained as "Not for Settlement"? Also check what settlement profile has been assigned to the settlment strategy.
Internal Order is another cost object simillar to Project WBS. Pls check with FICO consultant to understand how they want to view the project results if there is no COPA.
It may be that there is no CO object at all and you settle it to GL.
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