What is model order in SAP CO - Controlling?

SAP Term: model order

• Component: CO

• Component Name: Controlling

• Description: An instrument containing default values that you use as a template when creating an order. No postings can be made to a model order, however.

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• Key Concepts: 
  Model order is a feature of SAP Controlling (CO) that allows users to create and manage orders for cost objects. It is used to plan and track costs associated with a particular cost object, such as a project or product. Model orders are created in the system and can be used to assign costs to the cost object. 
  
  How to use it: 
  To create a model order, users must first define the cost object in the system. Once the cost object is defined, users can create a model order for it. The model order will contain all of the necessary information about the cost object, such as its budget, planned costs, and actual costs. The model order can then be used to assign costs to the cost object. 
  
  Tips & Tricks: 
  When creating a model order, it is important to ensure that all of the necessary information is included. This includes budget information, planned costs, and actual costs. Additionally, it is important to ensure that all of the data is accurate and up-to-date. This will help ensure that the model order is accurate and can be used effectively. 
  
  Related Information: 
  Model orders are closely related to other features of SAP Controlling (CO), such as cost centers and internal orders. Cost centers are used to track costs associated with a particular area or department within an organization, while internal orders are used to track costs associated with specific projects or activities. Model orders can be used in conjunction with these other features to provide a comprehensive view of an organization’s costs.