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Secondary cost element in Financial Statement Version

Hi,

What is the best practice for treating secondary cost elements in S4 HANA/Simple Finance? Should it be included in the Financial Statement Version?

Also, does the balance in secondary cost elements get carried forward to retained earnings account?

The reason I ask this is - when there is cross company code CO posting , it generates FI documents in each company code. And in each company code, the debit (or credit) entry is in secondary CE and credit (debit) entry is in balance sheet account. So if I do not add secondary CE in FSV, the credit and debit will not tally. On the other hand, if the secondary CE do not get carry forwarded to retained earnings account, then we should not be adding them to FSV.

Please advise.

BR

Abhi

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  • Posted on Jul 24, 2017 at 05:53 PM

    Hi,

    Secondary Cost Element Balance will be zero at any point of time with in the company code. Either added to FSV or not the secondary GL hold zero value

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    • Hi,

      I basically agree with Your comment. If You decide to run a FSV with a filter on profit center or functional area or any other consolidation relevant dimensions, then the cost element will not show a zero balance. How the best practice is for mapping the secondary cost elements I am not aware, but I expect they all need to be grouped in one node.

      Best regards,

      Kim

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