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Former Member
Mar 17, 2009 at 04:14 PM

COST ELEMENTS CREATION FOR GL ACCOUNTS

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Hi Friends.

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.

Regards.

Srini.