What is internal order in SAP CO - Controlling?

SAP Term: internal order

• Component: CO

• Component Name: Controlling

• Description: An instrument used to monitor costs and, in some instances, the revenues of an organization. Internal orders can be used for the following purposes: Monitoring the costs of short-term jobs Monitoring the costs and revenues of a specific service Ongoing cost control Internal orders can be of the following types: Overhead orders Investment orders Accrual orders Orders with revenues

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• Key Concepts: 
  An internal order is a type of cost object used in SAP Controlling (CO) to track costs and revenues associated with a specific project or activity. It is used to plan, monitor, and settle costs and revenues related to a particular project or activity. Internal orders can be used for both internal and external activities, such as research and development, marketing campaigns, or customer projects. 
  
  How to use it: 
  Internal orders are created in the SAP system and assigned to a cost center. The cost center is responsible for the costs associated with the order. The order can then be used to track costs and revenues associated with the project or activity. Costs can be tracked by assigning them to the order, and revenues can be tracked by assigning them to the order as well. 
  
  Tips & Tricks: 
  When creating an internal order, it is important to assign it to the correct cost center. This will ensure that all costs and revenues associated with the order are tracked correctly. Additionally, it is important to assign a budget to the order so that it can be monitored throughout its life cycle. 
  
  Related Information: 
  For more information on internal orders in SAP Controlling (CO), please refer to the SAP Help Portal or contact your local SAP consultant.