I have a query around whether to set particular accounts as Primary Cost Elements or Revenue Cost Elements.
We are a financing business and generally split our P&L into Income, Expenses and Bad Debt. Currently all cost elements under Bad Debt are defined as Primary Cost Elements but this means that the business need to enter a cost centre when posting to the accounts.
The business have argued that they do not need to analyse Bad Debt by cost centre - simply by Profit Centre, along with Income.
Can you tell me: