Settlement costs from last FY to new FY from AuC to CC

[former_member630135]

Hi,

We have settled WBS Costs to AuCs in last FY ending in March.We have now realized that the costs need to go to Cost Center.Is this technically possible ?

I believe we can do this by reversing the old settlements period-by-period but this is not acceptable to the client and they want some other alternatives.Any help.

[former_member630135]

Any help please.

[Former Member]

Hello,

I am sure you might have started/completed the depreciation or settled these to Final Assets. Is that your scenario?

We cannot reverse the depreciation. Please provide me more details

Edited by: psconsultant on Aug 23, 2011 8:25 AM

[former_member630135]

Hi psconsultant,

Thanks for your reply.No we have not settled AuCs to FXAs yet.And we do not want to reverse the settlements either because we do not want to open the periods.

We just want to move the last year's settled costs from AuCs to Cost Centers.

Thanks for any possible help on this.

[former_member630135]

any help please.

On similar notes, how can we move just the costs from a WBS Element to a cost center or from one wbs element to another wbs element.

[former_member230675]

how can we move just the costs from a WBS Element to a cost center or from one wbs element to another wbs element.

KB11N - Manual Reposting of Costs

KB15N - Manual Cost Allocation

[former_member630135]

Thanks but KB11N and KB15N are CO postings.I belive we can post FI documents as well and move cost from one WBS Element to another.

Will just CO postings be good enough..I am sorry if it is a naive question for FICO guys.

[former_member220491]

Hi,

As Mr. Abdul suggested, Create a new WBS Element and transfer the cost from the exixting WBS element to new WBS element using KB11N. Then run the settlement for the Old WBS element so that the Values at AUC level will be nullified, as well run the settlement for the new WBS element to Cost-center or to AUC which ever the receiver you want to settle. we have done this for one of our client.

Thanks

Regards

kishore

[former_member630135]

There are two requirements :

1) before settlement - to move the costs from wbs to a cost center or to move it to anther wbs element - I believe this is possible using KB11N.

2) after wbs has been settled to an AuC- to move the cost from AuC to a Cost Center - How do we do this ?? Also how do we do this if the settlement was done in previous year

Please suggest.Thanks in anticipation.

[former_member220491]

1. Before settlement first transfer the Cost from OLD WBS to New WBS using KB11N, dont transfer to cost center.

2. Run the fsettlement for old WBS , so that the cost of AUC will be come zero, as credit entries will happen when u transfer cost from old WBS.(Credit entry in Old wbs and debit entry to New WBS)

3. Run run the settlement for new WBS with receiver as costcenter. Note: If you use method of settling the cost to AUC then you have to settle AUC cost to Asset only and in the asset master you can assign the cost center.

4. As settlement was done only to AUC in previous year, and as this not capitalised so depriciation is not caluculated, if it is capitalised it is difficult to find a solution.

In your case we can use above steps 1,2,3 and it will not have any impact on financials.

Thanks

Regards

kishore