Prerequisite

PF1  WP1 Worldwide

Based on group core rules, all costs for maintenance and investment for fixed assets must be posted on special orders, created in the module of plant maintenance (PM). The cost of the orders are allocated to define maintenance and investment projects, created in the project system and defined in a hierarchy – work breakdown structure (WBS), where actual and budget figures can be compared. 

   
Monthly Closing process

Area: Perform Costing Monthly Closing

previous Operation(s):

Rules & Glossary: Costing - Rules Costing - Glossary Costing - SAP Operations

Finance Site SBS:

 RtR BO processes  the settlements of the three items below respecting the given time table:

  • PM-orders,
  • WBS-elements,
  • CO-orders,

 

The processing includes dealing with the generated messages. RtR BO investigates the reasons for error messages, looks for modifications and corrections if possible, and restarts settlements if needed.

- If an error blocks further processing and cannot be solved by RtR BO, the issue must be communicated to a contact in the area of plant maintenance.

- After having received the solution and corrections, RtR BO acts by launching a second time the corresponding transactions.

- Furthermore, RtR BO checks if the orders and the WBS treated in this procedure are completely settled.


Responsibilities of other functions:

The processing of PM-orders and WBS-elements for maintenance and fixed asset operations can lead to a result with technical errors.

In this case RtR BO must contact the local plant maintenance team, which is responsible for making the necessary corrections.

Guideline

During the month several costs have been posted in PM orders that have an impact on the profit & loss statement and on the balance sheet for fixed assets. At this stage the settlement of these costs should be done under this Operation in order to ensure that all PM orders are settled properly at the month end.

 

 

If there are messages, inform the local PM contact that must solve the problem

Once the local PM contact informs that the problem was solved, the settlement must be performed again

 

If some orders are not settled, a deeper analysis must be performed.

If necessary orders must be settled again (it can also be done individually if there are few orders with KO88 - Individual orders settlement)

If all PM order have been settled (all have zero balance) means that this operation was successfully done.

Reference

 

Next Operation(s):

The settlement of WBS can be initiated - Refer to OP.005.