An internal order is used as an interim collector of costs and is used for planning, monitoring, and controlling processes needed. When the job has been completed, you settle the costs to one or more receivers like cost centers, fixed assets, etc.
We will see how to perform settlement of IO to Cost Centers.
Step 1 − Use T-code: KO02 or Go to Accounting → Controlling → Internal Orders → Master Data → Special Functions → Change.
Step 2 − A new window will open, enter the Order number for which the settlement is to be done.
Step 3 − Click the Settlement rule button at the top.
Step 4 − Enter the following details.
Step 5 − Click the save button at the top to save the settlement rule and come back to main screen.
Step 6 − Enter the T-code: KO88 and enter the following details.
Step 7 − Click the Execute Button to run the settlement.
A new window will open with Settlement display message. Click the Continue button to complete the process.