on 04-26-2011 8:20 AM
Hi Experts
What is the difference between cost center budget and cost element planning
my client is asking me both , so how i want to give the explanation
As per my understanding point of view either cost center budget and cost element
planning anyone is enough for the business
Is it right ? if i wrong please correct me
Thanks & Regards
Sri
help.sap.com
Hi
Budget @ Cost ctr / cost element is available only if you activate Funds Mngt... Budget stops the booking of expenses if exceeded
Where as Planning (KP06) does not have that feature... you can book expenses even if Plan amount is exceeded
br, Ajay M
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Hi,
As Ajay correctly pointed out budgetory controls cannot be put at cost center level with out using fund management module to restrict the postings in a cost center above limit. But we are using the following work around:
If u want to budget for cost center 1
Create an internal order and budget it.
Use a substitution rule to trigger the internal order when the posting happens to cost center 1.
Postings to cc will be restricted once the budget is exceeded.
Cost center plan only allows you to make a plan for a cost center, where you can have a plan/actual report at any point of time.
Hope this helps
Best Regards
Vimal
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