on 06-25-2007 8:23 AM
Hi Gurus,
Please tell me, Which GL Accounts from expense accounts and from revenue accounts should be made cost elements??
Thank You
Hello
A primary cost or revenue element is a cost or revenue-relevant item in the chart of accounts, for which a corresponding general ledger (G/L) account exists in Financial Accounting (FI). You can only create the cost or revenue element if you have first defined it as a G/L account in the chart of accounts and created it as an account in Financial Accounting. The SAP System checks whether a corresponding account exists in Financial Accounting
Examples of primary cost elements include:
Material costs
Personnel costs
Energy costs
Secondary cost elements can only be created and administrated in cost accounting (CO). They portray internal value flows, such as those found in internal activity allocation, overhead calculations and settlement transactions.
When you create a secondary cost element, the SAP System checks whether a corresponding account already exists in Financial Accounting. If one exists, you can not create the secondary cost element in cost accounting
Examples of secondary cost elements include:
· Assessment cost elements
· Cost elements for Internal Activity Allocation
· Cost elements for Order Settlement
Reg
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It depends on what modules you are implementing.
As a general rule all expense accounts should be defined as cost elements - you might want to exclude some accounts e.g. interest, dividends that are not related to your normal business operations. If you are implementing cost based COPA, the COS accounts defined for transaction GBB-VAY (in MM account determination OBYC) should not be defined as cost elements. All the other expense accounts should be defined as cost element type1.
The revenue accounts need not be defined as cost elements unless you are using internal orders / projects / COPA which are used to capture revenues. If you are using any cost object (other than a cost center - remember, revenue (cost eleemnt type 11) postings to CC is statistical) to capture revenues, you should define the revenue accounts as cost elements type 11.
Regards,
Praveen.
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