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Former Member

cost element creation for balance sheet account

Hi,,

I want to create a cost element for balance sheet g/l account.I hope, we can create a cost element for balance sheet item as a statistical element under 90 category. But for that some where we have do some configuration.Pl let me know that how to do it....

Thanks,

Radhika.

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3 Answers

  • Best Answer
    Feb 04, 2009 at 12:23 PM

    Hi,

    You do it via OAK7 transaction. Keep in mind that it's relevant only for assets/stocks reconcilliation accounts. Gor other balance sheets, there is no possiblity (nor business justification) for managing cost elements.

    Regards,

    Eli

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    • Former Member

      Hello Eli,

      I want to know if i create new asset recon a/c the how we can add this in to create cost element .

      suggest

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    Former Member
    Feb 04, 2009 at 11:04 AM

    Hi

    What is the requirement to create cost element for b/s item. Please have your requirement clear. Why u need cost element for b/s item.

    Yes you can create as 90-statistical cost element for b/s. As it is statistical you can use this for assessment/alocation, just for reporting you can do so.

    Regards

    Dinabandhu

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    • Former Member Former Member

      Hi Radhi,

      Balance sheet accounts cannot be created as cost elements in cost accounting, except for:---

      a)Asset reconciliation accounts

      b)Material stock accounts for valuated sales order stock for sales orders or projects.

      Let me if you find better solution.

      Regards,

      Kittu

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    Former Member
    Feb 04, 2009 at 11:42 AM

    Hi Chelli,

    If balance sheet account is not a asset recon account, you cannot create a statistical cost element for balance sheet account Cost element category 90.

    I hope I clarified your doubt. and give me some time to explore.

    Regards,

    Kittu.

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