What is internal services in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: internal services

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: The services that are provided for production lots, service orders and projects. Recording an internal service requires the information about ‘what’ is provided as well as ‘who’ is providing. This requires the confirmation of the service and the corresponding resource.

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• Key Concepts: 
  Internal services are services provided by one department or unit of an organization to another department or unit within the same organization. In SAP, internal services are managed using the SRD-FIN-COR FIN-Cost and Revenue Accounting component. This component allows users to track and manage the costs and revenues associated with providing internal services. 
  
  How to use it: 
  The SRD-FIN-COR FIN-Cost and Revenue Accounting component allows users to set up cost centers, assign costs to cost centers, and track the costs associated with providing internal services. It also allows users to set up revenue centers, assign revenues to revenue centers, and track the revenues associated with providing internal services. 
  
  Tips & Tricks: 
  When setting up cost centers and revenue centers in the SRD-FIN-COR FIN-Cost and Revenue Accounting component, it is important to ensure that all costs and revenues are accurately assigned to the appropriate cost center or revenue center. This will ensure that all costs and revenues associated with providing internal services are accurately tracked. 
  
  Related Information: 
  For more information on using the SRD-FIN-COR FIN-Cost and Revenue Accounting component to manage internal services, please refer to the SAP Help documentation.