What is 'settlement' in SAP CO - Controlling?

settlement - Overview

• Component: CO

• Component Name: Controlling

• Description: The full or partial allocation of costs from one cost object to another.

settlement - Details

• 
  Key Concepts: 
  Settlement in SAP CO Controlling is the process of allocating costs from one cost object to another. This process is used to accurately assign costs to the correct cost objects, such as cost centers, orders, and projects. The settlement process can be done manually or automatically. 
  
  How to use it: 
  Settlement in SAP CO Controlling can be done manually or automatically. To do it manually, you must first create a settlement rule that defines the criteria for the settlement process. Once the rule is created, you can then use the settlement transaction code (KO88) to execute the settlement process. 
  
  Tips & Tricks: 
  When creating a settlement rule, it is important to ensure that all of the criteria are correctly defined so that the correct costs are allocated to the correct cost objects. Additionally, it is important to check the results of the settlement process to ensure that all of the costs have been correctly allocated. 
  
  Related Information: 
  For more information on settlement in SAP CO Controlling, please refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_Central_Component/6.0/en-US/f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9/.