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author's profile photo Former Member
Former Member

Multiple organisational assignments possible in RECN?


Hi,

Is it possible to have multiple profit centres in a single contract?

Our requirement is as follows: A rental place is rented from a single vendor and its been used for multiple purposes requiring division of its rent among multiple profit centre. but system is allowing only one profit centre per contract.

One way of solving this is to settle the contract on multiple cost centres. but we want the profit centrewise reporting also to show correct results. hence the need.

Please help.

Regards,

Sadhana.

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  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on May 13, 2015 at 06:41 AM

    Hi,

    Distribution of expenses to Cost centers can be done by two ways:

    1. Integrated Posting (Periodic Posting + Distribution posting) : In this we maintain different cost centers as the distribution parameters and then perform Posting which automatically captures the cost in the respective cost centers
    2. CO Settlement : Settling the cost to cost centers once the posting has been performed

    Hope it will help you!

    Regards,

    Siddharth Khandelwal

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  • author's profile photo Former Member
    Former Member
    Posted on May 12, 2015 at 09:22 AM

    Hi,

    As per the standarad design there is One-to-one relationship between contract and Profit center.

    The only way to fulfill your requirement is to distribute the expense to different Cost centers.

    Also check after distribution of expense to different CC, whether the amount is reflecting in the associated profit centers (that of CC) or not. If that is reflecting, then your issue is resolved.

    Please let me know if it answers your doubt or not?

    Regards,

    Siddharth

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