How to Create an Assessment Cycle in SAP

How to Create an Assessment Cycle in SAP

The Assessment Cycle generally helps to distribute costs through inferior cost elements from a given cost center to a different cost object. For intance, it can be used to allocate expenses in an individual cost center to different cost centers. Also, it can be used in the provision of manufacturing operating expenses for the production cost centers to verify the definite amount over applied.

Inside SAP, an assessment cycle entails segments that have the details involving to the costs that should be and how they can be allocated. You need to know how to create Assessment Cycle in SAP in the appropriate way.

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In order to create a plan assessment cycle, you will have to follow the following procedure:

1. Enter the Cycle’s Name and Date

You will be required to enter an appropriate name that you want for your cycle in order to give it a unique identity. For the date, the starting date symbolizes the initial date that the cycle will be required for allocating the specified data. Always set the date ahead of the time of allocation in order to avoid any possible date conflicts.

2. Retain the header data

When you want to sustain the header data:

• You will be required to enter the currency that the costs entered will be compared to. This is to ensure that the future costs entered are in the right calculation in terms of currency.

• You will also maintain the header data by deciding if the quantities of consumptions will be charged or not.

• Also, indicate whether the negative tracing factors are supposed to be traced or not.

• Decide or indicate if the cycle should be routed constantly.

• Finally, you should indicate the version that the cycle is legitimate.

3. Generate segments for the cycle

When you are deploying segments for your new cycle, you will be needed to create segments that have the following details:

• The cost element of the sender that is to be distributed.

• The procedure which is supposed to be followed to generate the costs between the receivers.

• It should also have the sender objects

• The Receiver objects

In the segments, you actually can give it any name that is relevant in describing the allocation department. This is where you choose the sender rule which will verify the amounts that are supposed to be allocated. In this section, if you select the ‘Posted amounts’, then the amount that is posted to the cost center is the one that will be allocated. If you select ‘Fixed Amount’ then the similar value will be allocated despite the amount that is posted. And if you select ‘Fixed Rates’, then a fixed price is entered and multiplied by a different actor in order to decide the amount that should be located in every period.

4. Save Your Cycle

Once you are done with setting the cycle accordingly, you will save it by clicking on the save button.
This is how to create an Assessment Cycle in SAP in the right way. Once you have your assessment cycle ready, you can easily distribute your costs and determine the rates easily.

Marissa Hart is the Lead Author & Editor ShareMe. ShareMe is a blog focused on SharePoint Online. SharePoint Online delivers the powerful features of SharePoint without the associated overhead of managing the infrastructure.