Balance sheet item in Profit center accouting

Dear All,
We are deriving segmental reporting through profit centers. I have created the profit and loss accounts as cost elements. Should I have to create the balance sheet items also as cost elements. In that case what should be the category for balance sheet items such as investment, asset, creditors, debtors and all other balance sheet items.
Regards
Vasantha

Hi Vasantha
The idea of profit center accounting is to have balance sheets, profability within the company for products, regions etc. You can derive balance sheet for these other than the legal balance sheet.
Now coming to your point, as others rightly said when you create cost elements for p&l gl accounts, the costs flows to the profit centers from the cost centers.
Then the GL accounts, you dont need to create cost elements. The profit centers are derived from the offsetting expense gl account. The profit center are derived from various assignments.
Profit centers in the Material master - Vendors & Customers get the profit center from the profit center assigned in the MM Master of the material when you buy or sell.
Profit center for asset - Cost center is assigned in the asset master from which it derived the profit center. When you buy asset, depreciation etc., flows to profit center accounting.
Most of the transactions profit centers are derived from the profit center assigned in the cost center for all balance sheet accounts.
Now coming to the New GL or Old GL, profit center are transferred to the balance sheets accounts esperically for Debtors & Creditors at the period end in Old GL by running TCode 2KEK, now with the New GL Document Splitting, the profit center is assigned immediately in the transaction itself.
I hope it is clear how profit center accounting works.
Regards,
Suraj

Similar Messages

Post balance sheet account to profit center accouting

Hi.experts.
I want to post some blance sheet accounts to profit center accounting,these account include material stock,wip. what should I do?
thanks in advance.
Fannt

Hello
Balance sheet items can be transferred periodically or online in realtime
You can transfer the following balance sheet items to Profit Center Accounting in the standard SAP system at end of period:
    Payables and receivables
   Material stocks
   Assets
   Work in process
This can be done in period closing activities for AR/AP
The assignment of payables and receivables to various profit centers is basically derived from the offsetting entry line of the FI document to which they belong. It is not possible to make structural changes to them within Profit Center Accounting. If, for example, you assign a new profit center to a material, or change the derivation rules when creating sales orders, these actions do not affect the assignments of documents which have already been posted.
The payables and receivables to be divided are calculated in FI at the end of the period. To do so, call up the SAP Easy Access screen and choose Accounting ® Financial Accounting ® General Ledger ® Periodic Tasks ® Closing ® Regroup ® Debit Balance Sheet Account Subsequently.
Enter the company codes for which you want to perform the calculation. For these company codes, the payables and receivables are divided according to profit center and business area. The results are then saved.
You can now transfer the data to Profit Center Accounting. Do not choose the next menu option Post B/S readjustment n Financial Accounting. Instead, transfer the data in the Profit Center Accounting application menu, under Actual Postings ® Period Closing ® Transfer Payables/Receivables
You obtain a list of all the company codes in the active controlling area. Select the desired company codes and the period and fiscal year which you want to transfer to Profit Center Accounting.
The system then posts the payables and receivables to Profit Center Accounting under the reconciliation accounts of the general ledger. No FI documents are created in the process
You can call up the function for transferring material stocks in Profit Center Accounting Customizing, under Actual Postings ® Transfer Selected Balance Sheet Items ® Set Up Material Stocks.
The selection screen provides you with the choice of all company codes within the active controlling area. Select the period to be transferred. The current period is always based on the status of Materials Management. Normally, the data from the previous period is transferred.
You access the transfer function by choosing the following path from the Customizing menu for Profit Center Accounting: Actual postings ® Transferring selected balance sheet items ® Generate opening balance for work in process.
The selection screen provides you with the choice of all company codes within the active controlling area. You also enter the period and fiscal year.
You generally work with the standard results analysis version 0. Should you wish to use a different results analysis version, note that this must be set up in CO Customizing for updating in Financial Accounting, as the corresponding account determination is required.
The program transfers all changes in work in process within a single period. When running this function for the first time with a given controlling area, please select the field Create opening balance. The system then posts the opening balance to the start period. You can also post the opening balance to period 01 at fiscal year change, so avoiding having to carry the balance forward.
You access the transfer program by selecting Actual postings ® Transferring selected balance sheet items ® Generate opening balance for assets in Customizing for Profit Center Accounting.
The selection screen provides you with the choice of all company codes within the active controlling area. The depreciation area book depreciation per trade law (01) is provided as a default. You also select the posting period and the fiscal year.
You should run the program in the background, as large amounts of data are normally selected. If you select the field Line item, a line item will be created for each asset in Profit Center Accounting. When handling a large volume of data, you should only use this option for test purposes.
The system assigns assets to profit centers indirectly, via assigned internal orders or cost centers (see Assigning Assets). The program transfers the acquisition and product costs, as well as cumulated value adjustments. The accounts used for this transfer are taken from account determination for Asset Accounting.
Note that it is only possible to calculate key figures (such as Return on Investment) in Profit Center Accounting correctly if an indirect statement of assets and depreciations is made in Financial Accounting
Reg
*assign points if useful

Balance sheet creation at Profit center Level

Dear SAP gurus,
Can anyone help me in creation of balance sheet at profit center level.. i am trying to make it thru report painter as new gl functionality is not activated at the client.. Pls tell me step by step..
regards,

Hi,
As we know, we assign Profit Center to Revenue Accounts (Cost Elements) while for Expense Accounts, Profit Center is derived from Cost Center assigned, as we maintain Profit Center in Cost Center Master Data.
Balance Sheet Account posting derives profit center in New GL in following way:
1) Cost Center of offsetting line items (Expense Posting) has been assinged to the Balance Sheet line items. Profit Center is derived from this cost center.
2) Profit Center of offsetting line items (Revenue Posting) has been assinged to teh Balance Sheet Line Items.
Say, Customer Invoice, we debit Customer (Acct Receivable) while credit Revenue GL Account. Revenue Posting has profit center assigned to it. Profit Center for Acct Receivable (Balance Sheet Acct- Customer Reconciliation Acct) is derived from Revenue posting.
If there are two offsetting line items (document with one Receivable line item and two revenue line items - posted to two diff profit center), documet splitting function splits the receivable line items in equal proportion and posts profit center for this balance sheet line items.
Unlike earlier versions of SAP, you do not need to go to profit cetner acct module to generate financial statement for profit center but can be generated from SAP GL Module itself if New GL is activated with Document Splitting function.
Hope this may give initial insight. Inform if you need further specific details.
Send me your email id, I will send some documents on SAP New GL.
Award points if this is useful.
Regards,
Chirag

PROFIT CENTER ACCOUNTING-BALANCE SHEET ITEMS TRANSFER

Dear all.
SAP describe as forllows about set up the opening balance for materials:
In this activity, you set up the opening balance for materials.
The system determines the material stock balance from Materials Management and posts it to Profit Center Accounting.
After setting up the opening balance, it is advisable to post the changes in the material stock balance online to Profit Center Accounting, as this simplifies reconciliation with Financial Accounting.
However, you can also transfer the material stock balance to Profit Center Accounting periodically.
I want to know how can i transfer the material stock balance to Profit Center Accounting periodically?
Thanks!

Dear Chen
You can utilise the reports to transfer the balance sheet items periodically. pl try this report to transfer the materials periodically S_ALR_87013348.
I hope it will suffice to resolve your querry.
Regards
Madhav

Balance sheet items profit center not updated

In ECC 6- in 3KEI- we have given profit center derivation for balance sheet items through business area-
Though derivation rule is given it is not updating profit center at the time of posting to balance sheet items
it has worked perfectly in 4.7EE-
How to update profit center for balance sheet items in ECC6
Thanks in advance
joseph

Hi Joseph,
Please go through the link. It is cristol clear document for your requirement.
http://help.sap.com/bp_bblibrary/500/Documentation/J08_BPP_05_EN_KO.doc
Regards,
Satish Muvva.

How to get balance sheet report for profit centers

hi
how to get balance sheet report for profit centers, is there any transcation code to get that report or i need to create a report painter report for this

Hi,
You can use T. code KE5Z for actual line items.
More to this you can use program RFBILA10 (Use T. code SE38 and program RFBILA10) for complete blance sheet.
The transaction is for special purpose ledger but this program RFBILA10 can be used for profit center balance also.
In selection, you can give ledger name which is generally 8A for profit center ledger.
Reg

Balance Sheet Items Transferred Periodically (PCA)

Dear Gurus,
Is it required to run the Balance Sheet Items Transferred Periodically (PCA) as a period end activity in controlling even if New GL activated?
thanks in advance.
thanks & regards,
GJ.

Thank you for your valuable reply...
Our system is activate New GL and ticked real time integration also. but Profit Center is not maintained as manditory filed in the Document splitting config.
I have some basic clarification on Profit center accounting...
1. How do we reconsil the FI GL postings with PC report?
2. All posted values will flow to PC level like vendor /asset/purchse/Inventory postings? example for posting vendor invoice, system is showing the profit center which we maintained Default profit center (Assign Default Profit Center to Accounts).
kindly guide me on conceptually data flow to Profit center.
Thanks in Advance.
thanks & regards,
GJ

How to the plan balance sheet items

Hi,
Where we plan balance sheet items like receivalbes and paybles by profit center. In our case we created 4 profit centers based on geography like South, North, East and West.
My management want to plan the receivables and paybles by the profit center wise for the analyze purpose.
Please guide me
Sateesh Kumar

Hi
Try with T code 3KEI.
Here Derivation Rules for Finding the Profit Center
Here you can define derivation rules that the system should use to find a default profit center for the additional balance sheet/profit and loss accounts.

Distribution of Balancesheet item to profit center

Hello All,
We are trying to post the balance sheet items which wrongly goes to dummy profit center to correct profit center through Distribution O4KE5.
But in test run , system showing warning as no Valid Sender found.
We are working on ECC 6 & doc. splitting is activated.
Request you all tell us how to do it?
Regards,
Bhadresh

> Hello All,
>
> We are trying to post the balance sheet items which
> wrongly goes to dummy profit center to correct profit
> center through Distribution O4KE5.
>
<b>Generally BS items will not hit DUMMY PC.</b>
> But in test run , system showing warning as no Valid
> Sender found.
>
> We are working on ECC 6 & doc. splitting is
> activated.
>
> Request you all tell us how to do it?
>
> Regards,
> Bhadresh

Vendor Line Item by Profit Center

Dear All
We are trying to make a report for Vendor line items by profit center (Based on General Ledger view). There is standard report available in New GL in General Ledger Information System>Line Item>Open Items Payable by Profit Center. But in this report we need some other fields which are not available like due date etc
This report is developed through Drill Down form based report (T.Code FGI4 for Form and FGI1 for Report). There is a standard form type available for creating the form and subsequently report. Wecheck the FAGLPOS_APPRE and all the fields which we need are available in this structure but how to add these fields in the form type.
If there is any other way to get the vendor line item by profit center (General Ledger View) then please let us know.

If you are trying to view such a report through transaction code FBL1N, then I would suggest you follow the solution described in this thread below:
Re: Add field Net Due Date at the selection field in FBL1N t.code
Also to view profit center wise, use the dynamic selections in FBL1N to select profit center.
Regards,
Elias

Transaction FB50L - Item as profit center display General Ledger

Hi Dears,
I am running transaction FB50L, and fill lines, but a item has profit center, other is blank, when saves document, in data entry view, field Profit Center line 1 is blank (OK), and line 2 is filled, but in display General Ledger is filled two lines.
Someone saw something?
Tks,
Carlos Santos
FI

If you are trying to view such a report through transaction code FBL1N, then I would suggest you follow the solution described in this thread below:
Re: Add field Net Due Date at the selection field in FBL1N t.code
Also to view profit center wise, use the dynamic selections in FBL1N to select profit center.
Regards,
Elias

Re:- How to see customer/vendor open items for profit center wise

any one help me regarding : How to see customer/vendor open items for profit center wise. That is possiable or not please suggest to me. I am using 4.6c version .

Run the report from Tcode FBL1N for vendor open item and from FBL5N fron Customer open items.
When you get the report, click on Change Layout icon ( or press Control + F8 from keyboard), search Profit Center fron the Table of Hidden fields on the right hand side. Move that field to the Left hand side table. Click ok, now you should be able to see the Profit Center column in your report.
You can save this layout by clicking on the Save Layout icon ( or press Control + F12 from keyboard)
Next time you can choose the saved layout by clicking on the Select Layout icon ( or press Control + F9 from keyboard)
Regards
Dharmveer

Tables for Balance sheet Items.

Dear All,
I want to know the tables for Balance Sheet items like Current Assets Current Liabilities etc like where the
cumulative amounts of there accounts goes ?
If not so given in SAP please suggest me the procedure for How to get there amounts in respective tables.
Regards,
Pankaj.

Hi
Michael.
The balances given over here in GLT0 and there respective fields are as on date balance as per Trial balance ?
My basic requirement is that the table should show the balances as per updated Trial Balance.
Please Help.
Regards,
Pankaj.

Reverse Credit Line item from Profit Center.

Hello Expets
May any body say how can I reverse a cr line item from profit Center in which extra credit line item came through PO once and through internal order once i.e bcoz in PO there was link once Profit center as well as Internal order.
If I do through 9kEO,it can be reversed but where will hit other line item i.e which profit center.
Plz plz tell me process how can I reverse that extra line item from profit center.
Thanks

You will probably find that, in the internal order master data, there is a link to the profit centre. So, if you do not want the costs on the profit centre, you will need to take it off the internal order, remove the link, and then repost. making sure that the PO no longer has the link to the profit centre.
BTW, posting to a profit centre is not an alternative to posting to an internal order, they usually go together.
So why do you not want the posting on the profit centre?

Balance sheet Item for assets report

Hi friends,
Please help me to understand the field BALANCE SHEET ITEM - ERGSO for asset reports.
where we are maintained the field ? On which table contains the above ERGSO - Balance sheet Item filed ?
What is the importance of the field ?
Please guide to me to understand to mu above query.
Thanks
Rish

Hi,
please read SAP notes 70212 & 70118!
Best Regards!

Balance sheet item in Profit center accouting

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