How to use FO8I - Management Costs Settlement

SAP Transaction Code - Details

• Transaction Code: FO8I

  Description: Management Costs Settlement

  Release: S/4HANA and ECC 6

• • Program: RFVIVW01

    Screen: 0

    Authorization Object:

  • Development Package: FVVI

    Package Description: R/3 appl.dev. for Financial Assets Management: Real estate

    Parent Package: APPL

  • Module/Component: RE

    Description: Real Estate Management

Smart SAP Assistant

• SAP Tcode: FO8I - Management Costs Settlement

  
  Overview:
  FO8I is a SAP transaction code used to settle management costs. It is used to transfer costs from one cost center to another. This transaction code is part of the Financial Accounting (FI) module and is available within the standard SAP ERP system. 
  
  Functionality: 
  The FO8I transaction code allows users to settle management costs from one cost center to another. This can be done by entering the cost center from which the costs are to be settled and the cost center to which the costs are to be transferred. The transaction code also allows users to enter the amount of costs to be settled and the date on which the settlement should take place. 
  
  Step-by-step How to Use: 
  1. Enter transaction code FO8I in the command field. 
  2. Enter the cost center from which the costs are to be settled in the “From Cost Center” field. 
  3. Enter the cost center to which the costs are to be transferred in the “To Cost Center” field. 
  4. Enter the amount of costs to be settled in the “Amount” field. 
  5. Enter the date on which the settlement should take place in the “Date” field. 
  6. Click “Execute” to complete the settlement process. 
  
  Other Recommendations: 
  It is recommended that users check all entries before executing a settlement process using FO8I, as incorrect entries may lead to incorrect settlements and incorrect financial statements. Additionally, it is recommended that users check with their organization’s financial department before executing a settlement process using FO8I, as different organizations may have different procedures for settling management costs.