Go to SPRO → SAP Reference IMG → Controlling → Profit Center Accounting → Assignments of Account Assignment objects to Profit Center → Assign Cost Centers → Execute. Enter the Cost center to be assigned to the Profit center. In the next screen, enter the profit center to which the Read more…
To post to a cost center, use the T-code FB50. It will take you to the following window. In this window, you need to enter the following details − Document date Company code G/L Account for the Debit Entry which is to be posted to the Cost Center Debit Amount Cost Center Read more…
SAP Cost Elements are important objects that help users to analyze or reconcile costs between Financial Account (FI) and Managerial Accounting (CO) modules of SAP ERP. There are two types of cost elements that are generally used in an organization: Primary cost element Secondary cost element We will discuss each of these types in Read more…
Create Cost Center Master Data Let’s see how to create cost center master data in SAP. First of all, you need to navigate to the following path in SAP Easy Access Menu: Accounting – Controlling – Cost Center Accounting – Master Data – Cost Center – Individual Processing – Create Read more…
SAP Controlling (CO) offers information to decision makers for planning, measuring and monitoring enterprise’s operations and performance. It represents the internal accounting view of an organization. The data which is relevant to revenue and cost are created from various sources such as Financial Accounting (FI), Materials Management (MM), etc. The cost and revenue Read more…
In SAP Simple Finance, only primary cost elements have an associated G/L account. Secondary cost elements which are used to allocate costs for internal activities, they don’t have any corresponding G/L account. Step 1 − To create a secondary cost element, navigate to Accounting → Controlling → Cost Element Accounting Read more…
You can create a Primary cost account in updated G/L account maintenance transaction. In SAP Finance Accounting, the primary cost elements are personal cost, material cost, etc. When the cost element is carried between FI and controlling, it is called primary and linked is established using G/L account. Step 1 Read more…