Difference Between TECO & Business
TECO, mean from PM point of view the order is closed. You cannot change
anything , say time or dates in the order. But you can book a invoice say,
the order contains a externally procured items.. So you might have done
a GR and your PM order work is over.. you can do a Tech and still you can
do a MIRO( ie invoice posting )
But if you do a Business Closing , you will not be able to do a MIRO..
Business closing means all the costs are posted and you dont expect
any more cost posting. This business closing is a requirment of CO. If
you don't do business closing and leave the order at TECH , the cost will
recide in the order itself. As per the settlement rule , the cost should
get transfer to the cost centre you have defined. But in TECH stage the
cost is still in Order. Once you do a KO88 and then a business closing,
the cost get transferred to a cost centre..
You need to make sure that all financial postings hav ben completed
before doing a business completion.
You can use transaction CO99 to Business Complete your orders. Using
this transaction allows you to select the number of days an order has been
TECO'd before you business complete it. E.g if you are confident that all
financial postings will be complete within 60 days, you cal select 60 days
as the retention period. This means that orders have to be TECO'd for a
period of 60 days before the system will select them for completion.
Batch completion PM orders is done with transaction CO99.
As a consequence, orders are completed if:
- Not yet administrative completed
- Technical completed longer than “a number of days” ago
- No open liabilities (open purchase orders – not yet invoiced purchase
In our company we do Order closing in the following way:
1. IW41 - Complete confirmation
2. IW32 - Technical completion & Business completion
3. KO88 - Cost Settlement
Tips by : Debajit, Dougie
SAP PM Questions
Have a SAP PM Problems?
Do you have
a SAP PM Question?
SAP Certification, Interview
Questions, Functional, Basis Administration and ABAP Programming Reference
SAP PM Tips and Plant Maintenance
SAP Basis, ABAP Programming and Other IMG Stuff
All the site contents are Copyright © www.erpgreat.com
and the content authors. All rights reserved.
All product names are trademarks of their respective
companies. The site www.erpgreat.com is in no way affiliated with
Every effort is made to ensure the content integrity.
Information used on this site is at your own risk.
The content on this site may not be reproduced
or redistributed without the express written permission of
www.erpgreat.com or the content authors.