Which PnL GL Accounts should have cost elements created for??

[Former Member]

Dear Sap FICO Experts,

I am confused that which profit and loss GL Accounts should have cost elements created.

Some suggested that Price Differences, Cost of Goods Sold, Revaluation of inventory and change in WIP GL Accounts should not have Cost elements created, and some have the other opinions. Kindly let me know the reason if you suggest that for particular accounts, cost elements should be created.

Best Regards.

[Former Member · Accepted solution]

H,

Follow the link below..

Regards,

SAPFICO

[Former Member · Accepted solution]

Thank You Expert for your support. The link you sent was very useful...

Best Regards.

[former_member210782]

Hi

As per my knowledge not all P&L accounts are created as cost elements.

All expenses realted GL accoutns are created as cost element category 01

All revenue related GL accounts are created as cost element category 11

Al sales deductions related GL accounts are created as cost element category 12.

The above given are some of the categories of cost elements we can create in SAP.

Thanks & regards,

Anantha Prakash

[Former Member]

HI

All the P&L a/cs should be created as cost elements. If you want to see Financial Statements for Profit Centers.

Thanks & Regards

Om