Maintain Settlement Profile in SAP

Last Updated on August 9, 2022 by admin

Create Settlement Profile

The following training tutorials guide you on how to maintain a settlement profile in SAP step by step. You can create a settlement profile in SAP by using one of the following navigation methods.

• SAP IMG Path: – SPRO -> IMG -> Controlling -> Internal orders -> Actual postings -> settlement -> Maintain settlement profiles
• Transaction code: – OKO7

Step 1: – Enter transaction code “OKO7” in the SAP command field and enter.

Step 2: – On settlement profile overview screen, click on new entries to create settlement profiles as per organization requirements.

Step 3: –  On the new entries screen, update the following fields.

1. Settlement profile: – Update the new unique ID that identifies the settlement profile in SAP and update the descriptive name of the settlement profile.
2. Actual costs/cost of Sales: – Select the option “To be settled in Full”
3. Default values: – Under default values update allocation structure and default object type fields.
4. Indicator: – Under indicator select percentage settlement and amount settlement
5. WBS element: – Select settlement optional under valid receivers
6. Other parameters: – Update document type, max.no.dist.rls, and residence time.

After updating all the mandatory fields, click on the save button to save the configured settlement profile data.