What is reference order in SAP CO - Controlling?

SAP Term: reference order

• Component: CO

• Component Name: Controlling

• Description: An order that can be posted to or a model order that cannot be posted to that resides in the SAP System and should be consulted when you create an order.

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• Key Concepts: 
  Reference orders are a type of cost object in SAP Controlling (CO) that are used to plan and monitor costs. They are used to compare actual costs with planned costs, and can be used to track the progress of a project or activity. Reference orders can also be used to allocate costs to other cost objects, such as cost centers or orders. 
  
  How to use it: 
  Reference orders are created in the SAP system and assigned to a controlling area. They can be assigned to a cost center or order, and can be used to track the progress of a project or activity. The reference order is then used to compare actual costs with planned costs, and can be used to allocate costs to other cost objects. 
  
  Tips & Tricks: 
  When creating a reference order, it is important to ensure that all relevant information is included, such as the start and end dates of the project or activity, the budgeted amount, and any other relevant information. This will ensure that the reference order is accurate and up-to-date. 
  
  Related Information: 
  For more information on reference orders in SAP Controlling (CO), please refer to the SAP Help Portal or contact your local SAP support team.