What is statistical order in SAP CO - Controlling?

SAP Term: statistical order

• Component: CO

• Component Name: Controlling

• Description: The statistical orders are not charged with costs in the normal sense. The costs posted to them are for information purposes only and cannot be settled. Every order in can be used as a statistical order.

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• Key Concepts: 
  Statistical orders are a type of cost object in SAP Controlling (CO) that are used to track costs that cannot be assigned to a specific cost object. They are used to track costs that are not related to any particular product or service, such as overhead costs. Statistical orders can be used to track costs for a variety of purposes, such as budgeting, forecasting, and reporting. 
  
  How to use it: 
  Statistical orders can be created in SAP Controlling by navigating to the “Cost Object” tab and selecting “Statistical Order” from the drop-down menu. Once the order is created, it can be assigned a cost center and other relevant information. Costs can then be assigned to the statistical order by entering them into the “Costs” tab. 
  
  Tips & Tricks: 
  When creating a statistical order, it is important to assign it a unique name so that it can be easily identified in reports and other documents. Additionally, it is important to assign the correct cost center so that the costs can be accurately tracked and reported. 
  
  Related Information: 
  For more information on statistical orders in SAP Controlling, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_CONTROLLING/731/en-US.