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Use the T-code KO04 or go to Accounting → Controlling → Internal Orders → Master Data → Order Manager.
In the next screen, input the controlling area as shown below −
Click the Create button at the top to create a new internal order and enter the order type.
In the next window, enter the following details −- Company Code
- Business area
- Object Class of the Order
- Profit Center
- Cost Center responsible for the internal order
After entering the above details, click the Save button at the top to create the internal order.
An internal order is used as an interim collector of costs and is used for planning, monitoring, and controlling the processes. When the job has been completed, you settle the costs to one or more receivers like cost centers, fixed assets, etc.
How to perform settlement of IO to Cost Centers?
Use the T-code − KO02 or Go to Accounting → Controlling → Internal Orders → Master Data → Special Functions → Change.
A new window will open. Enter the Order number for which settlement is to be done.
Click the Settlement rule button at the top −
Enter the following details −- In Category column, enter ‘CTR’ for the cost center.
- In Settlement receiver Column, enter the Cost Center in which the Order is to be settled.
- Enter the percentage amount which is to be settled.
- In Settlement type, enter ‘PER’ for periodic settlement.
Click the save button at the top to save the settlement rule and come back to the main screen.Enter the T-code KO88 and input the following details −
- Order for which the settlement rule is maintained.
- Period for settlement.
- Fiscal Year.
- Uncheck the Test Run.
- Click on the Execute Button to run the settlement.
