Order type configuration

Question

Hi,
I would like to get some information/help on order type configuration for a new controlling area.
Thanks!

Answer 1

Here's some config documentation below. To the left beside each config (execution)set up area there is a IMG activity documentation (with eye glasses). Select it and it will tell you about that config area in more detail.
Maintain Settlement Profile
In the settlement profile, you define a range of control parameters for settlement. You must define the settlement profile before you can enter a settlement rule for a sender.
If you want to settle the costs each time to just one cost center or just one G/L account, you need a settlement profile. As you cannot maintain the settlement parameters during settlement to a receiver, you must save the settlement profile either in the order type or in the model order or reference order.
Recommendation
The settlement profile includes, among other things, the retention period for the settlement documents. You should bear in mind the following when you determine the retention period.
The settlement documents take up additional storage capacity. When a posting period is finally locked against further postings in Financial Accounting and Controlling, you can clear the settlement documents. However, you should build in a safety margin, as you will need the settlement documents if you have to cancel any settlements or repeat the period end close.
Activities
1. Create a settlement profile.
2. Save the profile in the order type.
Additional Information
For more information on this subject, go to the R/3 Library and choose AC - Financials -> CO - Controlling -> Internal Orders - > CO Settlement.