Regarding version in brief:
Version are nothing but budgets:
Original budgets Version 0
Revised budget version 1
Re-revised budget Version 2
We can compare actual with original budget, Revised budget and Re revised budget.
Path: SPRO – Controlling – General controlling – Organization – Maintain versions
Select version 0 (Plant /actual version)
Versions are used to maintain transactional data differently.
Like:
Version 0 for Plan/actual version, using that I can store my planning & actual value store my cost objects.
Version 110 for Sales planning.
Prior to entering transactional data into your controlling, we must maintain a version to support planned and actual activity.
Version 0 is generated automatically when you create the controlling area.
Version 0 is the only version where actual transaction data is posted.
SAP Allows to maintain numerous planning versions, and all version are controlling area independent. This means that all versions are maintained at the client level and thus are available to any controlling area in the client.
Please note that, In OKEQ controlling area, operating Concern level, and profit center version configuration settings can be different.
Notes:
If no versions are created for a given year, you will not be able to do any planning in CO for the year. If you have Product Costing in place, you'll not be able to create standard cost estimate and hence if your materials have a price control "S", you cannot create new standard costs.
Your business will not perform as per your expectation and many transactions will give error.
