What is central planning in SAP CO - Controlling?

SAP Term: central planning

• Component: CO

• Component Name: Controlling

• Description: The capability of planning cost elements defined on cost centers by a central administrative unit. &EXAMPLE& Costs for occupational accident insurance are planned centrally for the entire company.

Smart SAP Assistant

• Key Concepts: 
  Central planning is a component of SAP Controlling (CO) that enables companies to plan and manage their finances in a centralized manner. It allows for the integration of financial data from multiple sources, such as cost centers, profit centers, and other organizational units. This data can then be used to create budgets, forecasts, and other financial plans. 
  
  How to use it: 
  Central planning in SAP CO can be used to create budgets and forecasts for different organizational units. It also allows for the integration of financial data from multiple sources, such as cost centers, profit centers, and other organizational units. This data can then be used to create plans and analyze performance. Additionally, central planning can be used to monitor actual performance against planned performance. 
  
  Tips & Tricks: 
  When using central planning in SAP CO, it is important to ensure that all financial data is up-to-date and accurate. Additionally, it is important to ensure that all organizational units are properly linked so that the data can be accurately integrated. Finally, it is important to regularly review the plans and forecasts created with central planning in order to ensure that they are still relevant and accurate. 
  
  Related Information: 
  For more information on central planning in SAP CO, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_CONTROLLING/731/en-US. Additionally, there are many online resources available that provide tutorials and tips on how to use central planning in SAP CO.