Hi:
I have created an account grouping for one of my test company code as under
Share capital
Reserves
Unappropriated profit
Surplus on fixed asset revaltn
Long term finance
Long term deposits
Deferred liabilities
Trade payable
Other Payable
Lease Rental Payable
Short term financing
Interest accrued on loans
Current portion long term loan
Income tax payable
Non current assets
Accumulated depreciation
Long term investments
Stores, spares & loose tools
Stock in trade
Trade debts
Advances
Trade deposits & prepayments
Balances with statutory auth.
Short term investment
Cash & bank balances
Revenues
Variable manufacturing cost
Fixed manufacturing cost
Lease Rental
Admin expenses
Selling & distribution expense
Financial charges
Other expenses
Other incomes
Taxation
I have opened GLs for each of them,if we see from budgeting perspective i perceive that Variable &fixed manuf cost, Adm expenses, Selling & dis expenses , financial charges,taxation and other expenses are budget-able items. I have created commitment items for each of these account groups but i am confused about others account groups, should i also create commitment items for them, if yes what will be the utility of doing so e.g if i create a commitment items for GLs belonging to account group Stock in trade(this is a balance sheet item), my own logic says that for all GL account in Profit & Loss we should create Commitment items (with exception of revenue) and for balance sheet items like assets and liabilities i am confused. Should we also create commitment items for them. My belief gets more firm when i look at sap.help.com for Commitment items which says its a functional grouping of Expenditures & Revenues for FM area. Please guide me.
Best Regards