Profit Centers Query

[Former Member]

Hi,

Can anyone tell me how do we assign profit centers and at what levels and where?

Please let me know about the same.

Thanks and Regards,

Kanthi.

[former_member186095]

Hello Kreddy,

The 1st step is to define it in the cost accounting form --> profit center in the financial module.

It is assigned in the marketing document --> row level, inventory transaction --> row level and UDF (using FMS).

It is clear that the use of profit center (based on F1 help file):

When you create a marketing document that involves revenue and cost of goods sold accounts (such as a delivery, A/R invoice, return, A/R invoice + payment, and A/R credit memo), the transactions are posted to the defaulted revenue and cost of good sold accounts and allocated to the profit centers that were linked to these accounts via the Chart of Accounts.

The following procedure explains how to link different profit centers to the revenue and cost of goods sold accounts in the document and/or row level.

The summary of the above definition is profit center can make your company more selective in the revenue, COGS and budget setup in the business operations.

Rgds,

[Former Member]

Thanks for the information.

But in our scenario the delivery documents are updated by the flat files sent by the third party systems through the interface.

The procedure seems to work out manually but how will it work in the scenario mentioned above.

Is there a way to update the Profit Center automatically?

Thanks

[former_member186095]

Hello,

What is the interface you use ? Is it UI/DI addon ? Our technical here has ever made an interface to import data invoice, good issue and good receipt. The interface can import profit center too, if the profit center will be imported along with the document and set in the interface.

If you want to update the profit automatically, you must use define it in the interface. The DTW can't be used to upload it.

Rgds,