What is settlement assignment in SAP CO - Controlling?

SAP Term: settlement assignment

• Component: CO

• Component Name: Controlling

• Description: A tool used to define the assignment of a cost element or cost element group in which costs arise to a settlement cost element. The settlement assignment is part of a settlement structure.

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• Key Concepts: 
  Settlement assignment is a feature of SAP Controlling (CO) that allows for the transfer of costs from one cost object to another. This is done by assigning the costs to a settlement cost element, which is then used to settle the costs to the target cost object. The settlement assignment process can be used to transfer costs between cost centers, orders, projects, and other cost objects. 
  
  How to use it: 
  To use settlement assignment in SAP Controlling, first create a settlement cost element in the Cost Element Accounting (CO-CEA) component. Then, assign the costs to this settlement cost element using the Settlement Assignment (CO-OM-CEL) component. Finally, use the Settlement (CO-OM-CEL) component to settle the costs from the settlement cost element to the target cost object. 
  
  Tips & Tricks: 
  When using settlement assignment, it is important to ensure that all of the necessary data is entered correctly. This includes ensuring that all of the relevant cost elements are assigned correctly and that all of the necessary fields are filled out correctly. Additionally, it is important to ensure that all of the necessary documents are attached to the settlement assignment process. 
  
  Related Information: 
  For more information on settlement assignment in SAP Controlling, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on how to use settlement assignment in SAP Controlling.