TEM - Cost Transfer

[Former Member]

Hey HR Experts!!

TEM provides a way to Config/setup Cost Items. I have set up a number of Cost Items, per Client's requirements. I understnd that these costs can be transferred to Costing (FICO), for which Cost Element, Controlling Area and Cost Center have been defined at various places, for example on Business Event Type.

Client wants to be able to track individual cost items as well as per event cost. I am wondering if this Cost Tracking can be accomplished within TEM or is it only possible by transferring costs to FICO?

In a scenario where Costs such as Hotel/Meeting Place rentals, course material are paid out separately (and not through TEM) why should we transfer Costs to FICO? -- Is it only for the purpose of tracking costs and not for Financial Accounting? I do not have expertise in FICO integration thats why these questions

Thanks a lot for your attention to this question.....

<b>ECC 5.0, no LSO, Attendees are all customers (not in HR Master data)</b>

[Former Member · Accepted solution]

Hi Sap Consultant

Cost center is it tracks the record how much that particular cost center recurring or spending the amount on particular item with the help of cost centers we can easily find out how much cost is spending for ex in your company for your sap hr department they will allot you some amount of money every year so yours is one cost center and how do you spend whether you will use it for buying any resources or you will spend for outing or you will allot for prizes to the well performed employees etc so from here how much sap hr is spending this is transferred to finance department for purpose of financial accounting also. and coming to the TEM you have TCODE PV00 and PV02 there you can see the business event type, group, course type etc there if you right click on business event type(object type D) you will get an option with resources and without resources if you select that there are some fields like location business event if you click on book/payment info there two options billing and other one is there billing there again you have to give again cost center cost element and controling area all your resources is being transferred to the finance. I hope your doubt is cleared

bye

Naveen

[Former Member]

Hi,

By creating the Cost Items in the menu. you can track the cost of every Cost item included in the BE. But through the assigned Cost Center.

Good luck

Om

Reward it, if helpful.