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Jul 20, 2017 at 11:10 AM

Secondary cost element in Financial Statement Version

1255 Views Last edit Aug 25, 2018 at 08:54 AM 3 rev

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