What is year-end settlement in SAP CO - Controlling?

SAP Term: year-end settlement

• Component: CO

• Component Name: Controlling

• Description: A settlement type that settles investment orders that are not yet closed at year end to assets under construction.

Smart SAP Assistant

• Key Concepts: 
  Year-end settlement in SAP CO Controlling is the process of closing the books for a fiscal year. This process involves transferring the balances of all accounts from the current fiscal year to the next fiscal year. The purpose of this process is to ensure that all accounts are up-to-date and accurate for the new fiscal year.
  
  How to use it: 
  In order to perform a year-end settlement in SAP CO Controlling, you must first create a settlement profile. This profile will contain all of the necessary information for the settlement, such as the start and end dates of the fiscal year, the accounts to be settled, and any other relevant information. Once the profile is created, you can then execute the settlement process. This will transfer all of the balances from the current fiscal year to the next fiscal year.
  
  Tips & Tricks: 
  When performing a year-end settlement in SAP CO Controlling, it is important to ensure that all accounts are up-to-date and accurate before executing the settlement process. Additionally, it is important to double-check that all of the necessary information has been entered into the settlement profile before executing it.
  
  Related Information: 
  For more information on performing a year-end settlement in SAP CO Controlling, please refer to SAP Help documentation or contact your local SAP support team.