Dear All Experts,
Good Morning !
Need some guidance over this. I am configuring Profit Center Acconting PCA. I am not aware of this as well. I have gone through CCA before, so have an idea of Co Object assignment. Before proceeding further would like have some expert guidance from expert views.
Point - 1 : As I know cost centrs are assigned to cost element type 1, which are nothing but P & L debit side accounts. With the help of CC we can track the cost. Same way if we want to track REVENUE of an organization how can we track ? Is it with the help of Profit Center ?
Point - 2 : As cost centers are assign to category 1 Cost element ( ALL Expenses GL accounts). Same way where the Profit centers are assign or attached ?
A ) Which type of GL account ?
B ) What cost element category we need to maintain for those GL accounts ?
C ) When we do payment receipt entry in FI there Profit Center come into picture ? If not then please rectify.
Point - 3 : We don't have SD implementation then how can I use PCA in my project ? What approcah I need to follow !
Since I am going for PCA first time, would like to have experts guidance , and suggestion, comments. I am sure it will help me alot. Please contribute NEED TO REMEMBER PONINTS if I have missed anything.
Thank you for patient reading !