Balance Sheet Accounts in PCA
Hi,
If I only activated PCA to capture the balance sheet accounts (Profit & Loss will be done strictly in COPA), can I left the field PC assigment in Cost Center Master Data to be empty?
Because the structure of the CC is in departement view, while the structure of PC is based on Product Hierarchy.
And I need to create the Balance Sheet Report based on the product hierarchy as in PC hierarchy.
Could any body advice me regarding the mater, like what is the implication if I left the PC assignment blank in CC master data.
Any help would be appreciated..
Thanks
Lea
If you do not assign any profit center to a cost center, anyhow the system would assign them to a default <b>Dummy Profit Center</b> which makes it more difficult to reconcile Cost Center Accounting and Financial Accounting. It is therefore recommended that you assign a profit center to each Cost center.
The following are some more analysis based on SAP documentation on concept and PCA assignments with reference to your dilemma of how to assign profit center to cost center which has been designed based on different characteristics namely product hierarchy versus function.
You have divided your company into profit centers according to product hierarchy.
This makes it difficult to assign cost centers that are divided by functions, to a profit center, which is divided by another attribute. i.e. product hierarchy. This can be apparent in a case, where, a production cost center may be performing activities relating to products which fall under multiple profit centers.
In these cases, you may want to assign these cost centers to one profit center (for example, "Production A"). If the cost center then performs activities for a production order, the system however credits the profit center "Production A" as well as the cost center at the time of settlement. You can then either settle the over-/under absorption from the cost center (for example, to a profitability segment) or allocate it directly to the corresponding product hierarchy in Profit Center Accounting.
It is often not possible to assign administration cost centers directly to a profit center. In this scenario, you can create profit center named <b>service profit center</b> or <b>allocation profit center.</b>. Then you may assign the admin cost center to the service profit center or allocation profit center. This profit center would then contain all the administrative costs which occur. At the end of the period, you can then either settle this over-/under absorption from the cost center (for example, to a profitability segment), with assignment to a service profit center.
To simplify you can ideally assess or distribute it directly in Profit Center Accounting, with the allocation profit center as the sender. In either case, the corresponding profit center is credited at the end of the period.
Similar Messages
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Transfer normal balance sheet accounts to PCA
Hi All,
Following 4 T-codes are available for transfer of balance sheet accounts from FI to PCA
1KEH EC-PCA: Transfer Material Stocks
1KEI EC-PCA: Transfer Assets
1KEJ EC-PCA: Transfer Work in Process
1KEK EC-PCA: Transfer Payables/Receivables
How do i transfer any other balance sheet account to PCA [other than through Default Profit Center (3keh)]
Regards,
Shridhar.Hi Daniela, hi All, because this is my first posting I would like to introduce myself. I'm working with SAP since 1996, I'm certified FI and CO. I used to work as a consultant for six years and now I'm Inhouse SAP with Gerresheimer. http://www.gerresheimer.de/en/home.html
We are supporting our people around the world and also we are putting in new SAP systems in our organisation. Currently we have three different clients world wide, with different organizational levels. We are on SAP ECC 6.0 however not using the new GL yet.
So far so good ;-)..
===========
We are currently in the US trying to switch on balance sheet accounting for PCA due to business unit requirements.
We've got:
- Assets
- Material
- AP and AR
working! All with periodic transfer which we found more stable then online. When created the opening balances did match for AP and assets to FI and AR and material were just a little bit of, that was great.
Now we are running into the problem with all the other balance sheet accounts and still we are reading documentation, OSS Notes and all kind of stuff, but still we have problems. The issues are:
- Do we have to assign every account in 3KEH which is not covered by assets, ap/ar, and material? We tested it with a bank account and it is working, but the table in 3KEH only gives you the option of one PC, plus you can use derivation rule. Ok, there is a user exit but we are not sure about that...
- Why can't we use the profit center which is populated in the balance sheet account? Every BS account has the radio button 'profit center required' for example we have an accrual account in the PC is in there, we can see it, put when we move the FI document over with 1KE8 nothing happens.
- On the other hand we had an account and it was just working the way I described with 1KE8, the document was moved over to PCA.
We are really a little bit confused, since assets, AP/AR and material worked so well, we seem to be blocked on the other accounts and not sure what is the best way to go.
Any response is highly appreciated!
With best regards and all the best,
Thomas
Edited by: Thomas Sablonski on Jul 23, 2008 5:43 PM
Edited by: Thomas Sablonski on Jul 23, 2008 5:46 PM
======================================
We have got it working 100% looks nice...
basically the answer :
'- Do we have to assign every account in 3KEH which is not covered by assets, ap/ar, and material? '
is YES.
Thanks and regards,
Thomas
Edited by: Thomas Sablonski on Jul 24, 2008 11:40 PM -
PCA for Full Balance Sheet Accounting
Dear SAP Guru,
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you can get the full balance sheet from PCA.
The steps are:
1. You must make sure that you have completed financial statement version (OB58).
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Hi,
i have assigned Profit Center in Material.
So the Cunsumption account hit the Profit center.
If i see the GL document profit center assigned at line item, but i couldnot able to view the PCA report for Balance sheet account
Can you please help.
Thanks,
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We are in ECC 6 and New GL is not activated.
Clssic PCA maintained PC in 3KEH.
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Consumption (P&L) updated with Profit center and PCA document created
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I face the following issue:
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I believe the solution should be in MM and line item summarization, but I cannot succeed.
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King regards, Gregory.Hello
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Reg
assign points if useful -
Balance sheet accounts not updating in GLPCA / GLPCT
Hello,
I am working on MySAP 6.0 version and posting FI document giving profit center as an account assignment.
When I check the table entries in GLPCA and GLPCT I could see only P&L accounts updated in these tables but not the balance sheet accounts viz Bank Account.
To be more elaborate if my entry is as under
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Thanks
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IF you want to see the accumulated balances you need to select the period from 0 to 12.
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then in selection screen select the from period = 0 and to period =6.
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CO account assignment on a GR/IR Account (Balance sheet Account)
The GR/IR account line item on Goods Receipt(GR) documents picks up the account assignment ( WBS Element, Cost center or an Order) from the Purchase order account assignment.
The GR/IR account is defined as a Balance sheet account. So it is abnormal to pick up a CO account assignment on the GR/IR account line item on a Goods receipt or Invoice document.
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VijayanthHi Vijaynath,
If you have the modules like CO, PS, FM, IM and activated the above modules, at the time of the GR system compulsarly will ask for account assignment. Because PO might be crated for a project or cost center. In the above 2 cases system will look for account assignment.
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Credit Memo all my material items to be directly posted to Balance Sheet account
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My client has a scenario where for certain items they create a credit memo request document and finally a credit memo document from the VKOA system is picking the revenue bearing GL and posting all the line items to that G/L account
Manually my customer is again checking and extracting the p/l and posting to balance sheet account
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Best Regards
WaseemHi Sanil
Thanks for the quick reply, can we assign a balance sheet account directly in VKOA in the G/L account field or do we need to add this in directly in Provision acc field
As suggested by you we already have the access sequence with respect to Order Reason, I am just doubtful wether we can directly give Balance Sheet account in G/L account field
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Goods receipt(PO) - balance sheet account
Hi,
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Does balance sheet account = inventory account?
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ThanksThanks both of you for the replies.
Can you advise me on how to resolve the below scenarios?
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If the requirement is to post to balance sheet account upon GR,
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Change GL Account Type from Balance Sheet Account to P&L Statmt Account
Hi Experts's
We have mistakenly defined the GL account as type Balance Sheet Account type and Some postings are done on this GL, we need to change it to P&L Statmt Account, When we do that it's throwing message FH602, as below.
Change balance sheet control in spite of account balance
Message no. FH602
Diagnosis
You have changed the G/L account from a "balance sheet account" to a
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The balance of the account is, however, not zero.
Procedure
Check your entries.
If the G/L account was already posted in the previous year, execute the
balance carryforward again for the current fiscal year. (program
SAPF011).
Please let me know the procedure to do this change, or do i have to run any report.
ThanksHI
If you are mid-year please try this:
Balance sheet having 10000 credit balace
try to post like this manually
Balance sheet account dr 10000
to Profit and loss account 10000
now tick the Profit and loss account and reverse the entry
try this in test environment first
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Report to retrieve balance sheet accounts in foreign and local currencies?
Hello,
I have question regarding the availability of a report in SAP. I am wondering if a report exists in SAP to retrieve the total outstanding balances on any given date for all the balance sheet accounts (including GRIR trade) in both functional and foreign currency.
I am currently using the FAGLL03 to do this but the problem is that this report is timing out when I select too many accounts.
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Hello everybody,
one of my customers is migrating to New GL, where they want to use document split for some fields.
For some balance sheet accounts the they also want to inherit the tax code to the balance sheet account line (for reporting purposes).
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as Nauma already posted, inheritance is only possible for document split characteristics and tax code is not such a characteristic.
But even if its possible to inheritate / substitute the tax code into the BS sheet line item, what if the posting contains different tax codes (eg visiting an austrian restaurant: the bill contains 10% VAT items (Food) as well as 20% VAT items (beverages wo milk))?
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Business Area is not pulling for Balance Sheet Accounts
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For few Balance Sheet GL Accounts (From MM side), Business area is not pulling while doing MM Cycle. For other Balance Sheet GL Accounts (From MM side), system is pulling the Business area by default.
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Message no FH017 Open item management only allowed for balance sheet accounts
Dear All,
i try to change one Balance Sheet account to P&L Account. However i failed changing the account.
it pops up the error Message no FH017.
For this error, i have already untick the Open Item Management
Can anyone help me on this? Very appreciated on this!
Cheers
JillAslo see help on open Item managed field by pressing f1
Indicator: Open Item Management?
Determines that open items are managed for this account.
Use
Items posted to accounts managed on an open item basis are marked as open or cleared. The balance of these accounts is always equal to the balance of the open items.
Procedure
Set up accounts with open item management if offsetting entries are to be assigned to the postings made to these accounts. Postings to these accounts represent incomplete transactions.
Example:
A goods receipt/invoice receipt (GR/IR) clearing account should be managed on an open item basis so that you can check at any time whether invoices have been received for the goods received for an order.
Set up accounts without open item management if no offsetting entry is to be made against a posting to this account.
Examples
Accounts that are managed on an open item basis include:
Clearing accounts:
Bank clearing account
Payroll clearing account
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GR/IR clearing account
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Bank accounts
Tax accounts
Raw material accounts
Reconciliation accountsThese are managed implicitly using the subledger open item function.Profit and loss accounts
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