How to create new profit and cost center in Company code

[former_member599590]

Dear experts,

Can u suggest how to create new profit and cost center in company code, all ready we have six profit center need to create one more profit center for new product.

Regards,

Padma Yadav

[muttepawar-2009 · Accepted solution]

How to Create a Profit Center?

Use the T-code KE51 or go to Accounting → Controlling → Profit Center Accounting → Master Data → Profit Center → Individual Processing → Create.

In the next screen, enter the controlling area in which the profit center is to be created and click the tick mark.

In the next screen, enter the unique profit center ID and click Master Data.

A new window will open where you need to input the following details − Profit center name and a short description of the profit center. Person responsible for the profit center. Profit center group for which the profit center belongs to.

Click the Save icon at the top to create the profit center in inactive mode. To activate the profit center, click the icon activate button.

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How to create a new COST CENTER: SAP KS01

Step 1) To create a Cost Center , Enter KS01 into SAP transaction code box.

Step 2) In the next SAP screen

• Enter the new cost center number.
• Enter the validity dates of the new cost center.

Optional - In the Reference section:

• In the Cost Center field, you can enter a reference cost center if the details are similar to the new cost center.
• In the Controlling Area field, you can enter the reference cost center's controlling area.

In this tutorial, we will create a cost center without a reference.

Step 3) Click Master Data Button

Step 4) In the Names section: In the Name field, enter the name of the new cost center. In the Description field, enter a description for the new cost center. In the Basic Data section: Enter the Person Responsible.

Step 5) In the Basic Data section: Enter the Person Responsible Select W (Administration) for Cost Center Category. Select the Hierarchy area. Enter the Company Code. The Currency will default based on the earlier selections.

Step 6) On the Control tab select the appropriate indicators.

Step 7) Click Save. New Cost Center is created.