My client is a manufacturing company and it has 2000 gl accounts comprising of 1100 P&L A/cs comprising material, labour, admini etc., and the balance 900 are B&S A/cs.
Of these 1100 P&L, 250 are revenue accounts and the remaining are expenditure accounts.
1. How should I create cost elements against these GL Accounts and what should be the cost element category for these?
2.Should I create cost element against each P&L Account or not?
Thanks in advance.