Settlement

[Former Member]

Experts, am new to PS...could anyone please guide me on setting up settlement rules & explain how period end closing is done.

Thanks

Shash

Will rewards points to answers!

[Former Member · Accepted solution]

Basic Configuration node for settlement to work in project systems are below:

SPRO->Project System>Costs>Automatic and Periodic Allocations>Settlement>Settlement Profile

1. Create Allocation Structure (Source cost elements/groups are assiged to settlement cost elements -by cost element or by settlement cost element to receiver categories like., FXA,CTR)

2. Create Settlement Profile (Valid receivers like FXA,CTR and allocation structure etc., are mentioned here)

Also

3. Create Source Structure

4. Define PA Transfer Structures

You the refer the settlement profile in the project profile and maintain the settlement rules on the WBS.

For more information on settlement refer below link on help portal

http://help.sap.com/saphelp_erp60_sp/helpdata/en/6b/566b34b650f777e10000009b38f83b/frameset.htm

Refer below link of SAP help for details/recommendations about settlement

Project Settlement Recommendations:

http://help.sap.com/saphelp_erp60_sp/helpdata/en/86/98853478616434e10000009b38f83b/frameset.htm

Also refer for settlement of Investment Measures:

http://help.sap.com/saphelp_erp60_sp/helpdata/en/2a/f9f56e493111d182b70000e829fbfe/frameset.htm

[Former Member]

Thanks for sharing your knowledge

[Former Member]

Hi,

Apart from the above details, few other aspects of settlement is automatic generation of Settlement rul for the WBSE.

1.We have to Determine Strategy for Settlement Rule. Here we are definining project settlement receiver for WBSE such as CTR / PSG etc for billing element / account assignment WBSE etc.

2. Assign Strategy to Project Profile

Settlement strategy will be assigned to respective project profile

3. While running transaction CJB2, settlement rule will be generated automatically & no need of manual assignment

Hope this will help you.

Regards,

Rakesh Pradhan

[Former Member]

Maintaining the Settlement Rule for WBS may be done by pressing CTRL + F3 in the Project Builder (CJ20N). Settlement is usually done either to a G/L account, Cost Center or another WBS Element. You may settle to more than one reciever, just maintain the percentage of the amount to be settled..

Actual settlement is done by in transaction code CJ88 (Individual Processing) or CJ8G(Collective Processing). Just input the necessary information and Execute (F8)

All these are carried out after you have done the proper configuration of settings as mentioned in the previous post.

Gooluck..