Settlement message in service project settlement

Hi,
I am having issue during period end closing. Settlement say no accrued amount found for settlement. But when I see report project has the following values,
(rev)-2000
(cost)1500
Total=  -500
Should these costs/ rev need to be settled some where as a period end closing? If yes then where? CJB2 generates profitability segment rule.
Do I need to run WIP before settlement? Project is already billed. (When I go there WIP shows this error 'KJ217 revenue are not planned')
When I do not bill customer only charge employee hours in project. WIP shows value and allow executing. And so the Settlement of project. So can settle expanses to PA and see report.
Addition Info:
We are creating projects from contract. There are services provided to customer in this particular scenario.
We are assigning employee hours from CATS and activity planning from CJR2 on WBS.
Billing customer using RRB and creating billing doc and invoice from there.
WBS has RA key assigned for RRB
Settlement rule automatically generate rule to settle in PA segment.

Thanks you for the quick response. When I run KKA2 it gives me the following message:
"Planned revenue for valuation is zero". I already have revenue planned in the project from cj42.
Please explain
Thanks

Similar Messages

  • Service Charge Settlement

    Hy,
    please can somebody explain me the process of service charge settlement?I don't understand how is using the settlement units and how the postings are made.
    Thank you very much.

    Hi,
    I've added an excerpt of the online documentation of RE-FX which gives an overview over service charge settlement.
    I know that are only basics but maybe it helps you to get a better understanding. If not please tell me where you need more detailed explanation.
    Regards, Franz
    Purpose
    You use service charge settlement to distribute apportionable costs that arise during a particular settlement period to the tenants.
    Process Flow
    Below is a description of the processes involved in service charge settlement.
    I.    Master Data for Settlement Unit, Rental Object, and Contract
           1.      Enter measurements in each participating usage object.
           2.      Assign the usage objects to a participation group for each business entity.
           3.      Create a settlement unit for each service charge key, and assign the rental objects participating in the settlement to this settlement unit using the participation group.
    If costs for more than one settlement unit were jointly invoiced, you must create a master settlement unit.
           4.      The settlement participation is automatically generated for each contract. However you can define exceptions in each contract.
    II.   Incoming Invoice Posting
    Account assignment of service charges is made to the respective settlement units or master settlement units in the Financial Accounting (FI) component. The settlement amount is transferred automatically to the correct settlement period by means of the settlement reference date.
    For postings with extended withholding tax, only advance payments posted as revenue are considered for the conditions relevant for service charges. The system does not support special general ledger processes with withholding tax. The standard withholding tax term is often used during service charge settlement. You can determine the term from the conditions only in the Transfer Posting Advance Payments Debit Balance settlement mode.
    III.  Execute Service Charge Settlement
    Execute the service charge settlement run at the end of the settlement period:
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    ·        There are several steps involved in the settlement. You can save each step (except posting) and call it again.
    ·        The results of settlement can be posted directly to Financial Accounting.
    For more information on performing service charge settlement, refer to Simulating and Executing Service Charge Settlement.
    Result
    Depending on how you set it up, the service charge settlement performs the following activities:
           1.      Calculation of total costs for the settlement period for each service charge key
           2.      Cost apportionment to the relevant contracts or rental objects
           3.      Posting of cost shares to tenant accounts
           4.      Determination of the advance payments (actual payments) made by the tenant for which credit transfer postings are made

  • Problem with project settlement

    Hi,
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  • Project Settlement Issue

    Hi All,
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    Hi Sarang,
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  • Customer service Order settlement

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  • Error message KI089: Substitution of settlement senders is not allowed

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    Hi
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  • Automatic Asset creation through Project settlement

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    Edited by: Abhijeet  Patil on Oct 5, 2011 3:05 PM
    Edited by: Abhijeet  Patil on Oct 5, 2011 3:05 PM

    Hi,
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  • Assiging wbs element as settlment receiver in service order settlement

    Hi PM CS Experts.
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    Sales Order line item have account assignment WBS element. From this sales order line, a service order will be created.   So our idea is whatever cost booked to service order should be settled to wbs element instead of sales order.  
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  • Project Settlement @ Project Systems

    Hi Experts
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    HI
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  • Final settlement in Service Charge settlement

    Hi Experts
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    Hi,
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    2. one runs the service charge settlement which distribute the costs to the rental units and invoices the tennat if he participates in the service charge settlement (which generates open items in FI)
    3. one runs the invoice processing (which is based on the open items in FI
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  • Settlement of Revenue Bearing Project

    Hi,
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    Hi Nivrutti ,
    You are repeating your question so many times.
    Please study about settlement and check why you want to settle your projects.
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  • Service Order Settlement - assigned to PSG

    Hi,
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    Currently, in our system every item of SD Invoice posts revenues and COGS to profitability segment (PSG).
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    We have implemented CS module using in Car maintenance service.
    And now in CS module it is not possible to get PA document automatically after an invoice posting so we have to settle Service Order to PSG.
    But Settlement rule for Service Order is not on item level (per every material-product separately).
    We wants to have the same rules (per Product char.) for Service Order as we had so far in SD.
    Is it possible to customize Settlement rule of Service Order on item level?
    For instance according to an Invoice items from document flow:
    Thanks,
    Zoran

    Resolved

  • Service charge settlement to 2 Business Partners assigned to a contract

    Please can someone explain how to settle service charge costs to 2Business partners'accounts. For example if we have a rental unit with a tenant and also a landlord of that rental unit and both are picking up costs for different service charge costs or the same service charge costs, how will these be apportioned to both of them.
    I have tried assigning 2business partners to one service contract but after running the service charge settlement, the costs were only settled into one business partner's account.

    Hi,
    please check if the functionality Condition Split, available with Enhancement Package 2 in Business Function RE_GEN_CI_1, might meet your requirement. Further information is available in the release notes of the Business Function.
    Hope that helps.
    Regards, Franz

  • Project Settlement - Aggregating/Settling on new custom field

    At our company, we created a new custom field called "Location Code" that is populated during journal entries through manual input. When an entry to a WBS element is posted with a Location Code value entered, the Location Code value also gets carried over to CO (controlling), SPL, and is in PS. The problem we have is with settlement as it does not carry over the Location Code at the final settlement receiver. For example:
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    3. When we view the final accounting documents (especially our special ledger purpose documents), Location Code value is blank and there is one entry to the receiving cost center for $300. It seems project settlement aggregates entries based only on WBS level and G/L account.
    QUESTION: Is it possible (and if so, how) to get projects to settle these lines individually based on aggregating on Location Code as well as G/L account? We would like to see $200 settle to the receiving cost center with Location Code value "435", and another line settling $100 to the receiving cost center with Location Code "080".
    I hope I made sense. Thanks in advance!

    line item settlement should only be possible if the setting is maintained in the IM Profile and it sounds like your projects don't have an IM profile...  so it shouldn't work.  I haven't used it on a non-capital project but you could give it a shot.
    [-nathan|http://wiki.sdn.sap.com/wiki/display/profile/Nathan+Genez]

  • Service Order settlement

    Hi,
    I need to set-up settlement of a service order. Can anyone tell how to go about it? To which elements does usually a service order settles? Primary/Secondary, is secondary the how does it get posted to G/L ?
    Thanks,
    Pankaj.

    hi pankaj..
      Settlement takes place through settlement rules you have created for the order.The costs are initially collected on the order. They are then transferred to the settlement receiver (Fixed asset ,Cost center ,WBS element,Order ,G/L ccount ,Material ,Asset under construction etc)specified in the settlement rule.
    You can settle an order if:
    1.It is released
    2.It has the status Settlement rule created
    3.Costs collected for it have not yet been settled
    4.A business completion has not yet been performed for it
    Creating a Settlement Rule Manually
    Call up the order in change mode.
    Choose Settlement rule.
    The following cases can occur:
    If a settlement rule already exists for the order, you reach the screen Maintain Settlement Rule: Overview directly.
    Check the settlement rule.
    To change it, go to detail data on the Maintain Settlement Rule: Distribution Rules screen, where you can make additional entries.
    If a settlement rule does not yet exist for the order, you must first specify whether you want to maintain the settlement rule with or without the system proposal for the distribution rule. A screen appears where you can maintain the settlement rule.
    Make all the necessary entries on this screen.
    Return to the order and save it.
    I think this will help you
    kkumar

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