What is KO8G (actual settlement )?

Dear Experts,
May I know what is the purpose of performing this K08G (actual settlement), especially for the plant maintenance work order? 
Regards,
Abraham
Please, avoid asking basic questions

Hi ,
In case of plant maintainence orders , when we book the costs in form of material issue , labour cost or external services the cost gets accumulated to the order .
Actually the cost which has accumulated on the order has to be settled to either cost center or other cost object like internal order or fixed asset in case if you are using investment measure .
In order to make the status of the plant mainatainence order as Closed or business completed the cost on order should be Zero .
For making it Zero we run the settlement of order through the T code KO88 or KO8G , which settles the cost from the plant maintainece order to the settlement receiver maintained in the settlement rule .
So once so execute it the cost from plant maintainece order flows to cost center or internal order as desired , as per the settlement rule .
Once the settlement is executed then cost on order becomes Zero you can view the same in reports and hence you can then CLose the order or give it business completion .
Hope this suffices .
Regards ,
dev

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