Monthly bonus provision distribution based on the net P&L

[shanid_mp]

Hi,

I have searched in SCN, but I could not not get any answer for this requirement.

We have a process to post monthly bonus provision on net P&L of each profit center based on a fixed percentage.

For Eg:

Net P&L for profit center A for Aug - 1000 (Profit)

Bonus % - 5

Posting should be as below.

Bonus P&L A/c - (primary cost element) Debit 50

Provision A/c - (Balance sheet) Credit 50

Provision bonus needs to be for so many profit centers and every month net P&L varies for profit centers.

I have checked allocation cycle in CO and new G/L, but it cannot be posted with above journal entry.

Please let me know whether I can achieve this through allocation cycle or any other method.

Regards

SMP

[iklovski · Accepted solution]

Hi,

This is not a controlling (CO) document, which you talk about, but pure financial (FI) one.

You would need to make your calculations apart and post the document. Of course, you can build a program which does the calculation automatically on periodic basis and makes the postings; it shouldn't be so hard.

Regards,

Eli