Balance sheet acoount as Cost element?

Is it feasible to create cost element for Balance sheet account.
If the creation is possible wouldn't there be any mismatch in the cost flow.

Hi,
Cost Element Category 90
when you create cost elements in CO whose general ledger accounts in FI are asset reconciliation accounts (special balance sheet accounts), not income statement accounts. You cannot change this category in CO master data maintenance.
FI does not require CO account assignments to cost elements of such category 90.
However, if you enter an account assignment, it is only recorded statistically for true objects. Category 90 cost elements enable you to check the budget of an order or project when you acquire fixed assets that can be directly capitalized. To do this, enter the capital investment order or the WBS element in the corresponding field of the asset master data. Asset Management (AM) ensures that the specified order or WBS element is automatically entered in the document during the asset acquisition.
In CO the order or WBS element is debited statistically. This statistical debiting is checked by the system using the budget during availability control
I hope your doubts are cleared.
Regards,
Jigar

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It would be great if there is any function module or class...
Thanks for any help

Hi Shreenath
This is very much possibie and correct as well
Eg: You assign GL 123456 to SFG Material ABC... In Itemization, this GL would show you a value of say, 100 USD
When you execute cost run of XYZ, which contains ABC - This 100 will show against GL 123456.. BUt, this 100 would comprise of raw mat, labor, power, overheads, etc
So, at component level the secondary cost element for Labor, power, Overheads will roll up to respective components in CCS.. Hence, this difference is very much possible
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Balance sheet account as assesment element?

Dear Gurus ,
Please let me know wether a balance sheet account can be used as a assesment element.
Cheers
Balaji Dhanavel

Hello,
I do not know in which context you are referring as "assessment element"
You can create a cost element by using KA06 and create a secondary cost element. However, the system will prevent you if you try to create a cost element which is balance sheet GL Account. You have give a name which is not a GL account. Then only you are able to create the secondary cost element.
For assessment, you can select the cost element category "42". The cost element can be used for configuration in CO.
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Balance sheet per plant via profit center

Greetings!
Because of the reqt to create balance sheet reports per plant, I have assigned some of the balance sheet accounts as cost elements with CE category of 90. I was able to do this to the asset accounts but when I tried to do the same for the other GL accounts e.g. AR, AP, etc..., its not being shown in the list when I clicked the "Create batch input session" although its already included in the "Make Default Settings" list. Would appreciate any advice. Thanks.

Hi Tess Sapico,
1. Create profit center for each Plant
2. you don't have to create Cost Element with category 90.
3. what you need to do is Add all the balance sheet items for Profit Center accounting in configuration under the setting "Controlling==>Profit Center Accounting==>Actual Posting==>Choose Additional Balance sheet and P&L Account"
Here you need to add all the balance sheet accounts and P&L account which are not cost elements.
Note: If you dont have NEW GL and Document Splitting, then it is not possible to get fullfledged Balance Sheet per Profit Center (Plant wise in you case). You can only get some of the Balance sheet items like Accounts receivable, Accounts payable, Fixed Assets and Inventory in to Profit center
In anycase, if you have NEW GL in implementation, then your problem would be solved.
I can give soem more information this regard, if you have new gl in place.
Please let me know
Best Regards
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Hi Eli,
Thank you for the valueble report, But it shows I have no data in that cost element ,
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and
If I don't know how much in that CE how can I transfer the amount from this CE to another CE?
Please Help me Guru s,,,
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Cost Center , Cost element , GL Accounts , Cost sheet , Account Assignment

Dear Experts,
Please explain what are Cost Center , Cost element , GL Accounts , Cost sheet , cost component and structure, Account Assignment and how they are interlinked with each other with transactions.
Thanks,
Ram

Dear,
Cost element : A cost element classifies the organization's valuated consumption of production factors within a controlling area. A cost element corresponds to a cost-relevant item in the chart of accounts.
Primary cost element: A cost element whose costs originate outside of CO and accrual costs that are used only for controlling purposes
Secondary cost element: A cost element that is used to allocate costs for internal activities. Secondary cost elements do not correspond to any G/L account in Financial Accounting. They are used only in Controlling and consequently cannot be defined in FI as an account.
Cost Center: An organizational unit within a controlling area that represents a defined location of cost incurrence.
GL Accounts : GL Accounts is master data preparation which is assign to chart of accounts.
Costin Sheet : The costing sheet integrates all elements of overhead costing. In costing sheet calculation base, cost element & Overhead rate & credit are define.
cost component and structure :
Cost component - Makes the costs of a material, an activity type, or a process transparent & Groups the costs of a material according to the requirements for material valuation and profitability analysis
cost component structure : It is use for
Activity prices for an activity type
Cost of a process
Planned cost of a product
Material costs passed on to material valuation as the standard price or inventory price
Cost of goods manufactured passed on to Profitability Analysis
Account Assignment : It's use for direct posting. In this we have to assign GL which is required to post directly.
GOPAN

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Currently, our users create a shopping cart using a cost center or WBS element. However, our Finance department would like the ability to use a balance sheet account (prepaid expense) instead. Is this possible? If so, what would need to be done on the SRM side as well as the SAP side since we use the classic scenario.
We are on SRM 4.0.
Monique Stephens

The business requirement is to charge something to a balance sheet account, not cost center or WBS element. Based on our current security, users are unable to use the balance sheet accounts with their cost centers.
I tried using a balance sheet account with a cost center in our Dev box and received the following error message:
GL Account Cannot Be Used
Comparison of the field selection strings from the G/L account and the account assignment category K reveals that there is an incompatible combination of field selections for the field selection group 'Cost center'.
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I'm not exactly sure how to correct for this message.

Need to treast a cost element 90 as a cost element 1

Hi experts. I'm having some problems with CO.
The issue is that I need to generate a Cost element for a balance account and that cost element needs to be allocated as the rest using KSV5.
When I create a cost element for a balance account the system assigns the type 90 and I can not change that.
Please let me know if you know any alternatives.
Thanks!!!

I'm trying to distribute the costs that were post to the Cost element type 90.
At the moment when I run the KSV5 the system is not doing any allocations of the values that were post to a cost element type 90....
Let me know if you need more information.
Thanks a lot!!!!

Cost element-balance sheet account

hi,
i need to create cost element for balance sheet account ( other than raw material account)
Thanks
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Dear Raghvan,
Cost elements are not created for balance sheet accounts. It is created from only P&L accounts.
Even if you try to create a cost element for BS account, system prompts you as 'GL is a balance sheet account'.
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Can we create a cost element for a Balance Sheet account?

Hi folks,
Is it possible to create a cost element for a balance sheet account? If yes, what are the scenerios we would need it and how is it done?
thanks in advance

Hello
Please review the below information regarding cost elements category 90 : Financial Accounting Balance Sheet Accounts
Category 90 is automatically assigned when you create cost elements in CO whose   general ledger accounts in FI are asset reconciliation accounts
(special balance sheet accounts), not income statement accounts. You
cannot change this category in CO master data maintenance.
FI does not require CO account assignments to cost elements of
category 90. However, if you enter an account assignment, it is only
recorded statistically for real objects.
Category 90 allows you to check order or project budgets for fixed
asset procurement. To do so, enter the investment order or WBS element
in the corresponding field in the asset master. The Asset Management
component ensures that the order or element automatically appears in
the document when you access the asset procurement.
The R/3 System debits the order/WBS element statistically in the
Controlling component, which you can then monitor with availability
control.
You can treat cost elements of category 90 as activity-independent as
part of cost center planning.
Also see note 75980 for further information. From the note:
The use of cost element category 90 is only provided in the standard
system in the following two cases:
1. As of Release 3.0G, asset acquisitions and down payments which are
      assigned directly to a fixed asset or asset under construction can
      be assigned to an account on internal orders or WBS elements
      statistically. In this manner, for example, an availability check
      can be triggered on the order or the WBS element for asset posting.
2. As of Release 4.0, cost elements of category 90 can also be created
      for material stock accounts to display material make-to-order stocks
      on sales orders or customer projects.
Regards
Javier Reviriego

Balance sheet and cost center

Hi,
I need to seek clarification on this.
What baffle me is that, in FB01, if enter balance sheet account, cost center field also available. Why need to have cost center for balance sheet account? Can have few business example why need to have cost center for balance sheet account?
Thanks

Generally you do not need to populate cost center for balance sheet accounts but there is only one exception in case of Fixed Assets. There is a cost element category 90 which gives you the privilege to fill in cost center for the Asset accounts provided you use this GL in Fixed Asset configuration as account assignemnt. I do not know if this is the case in your client. For all other scenarios you can not even key in the cost center to balance sheet accounts because B/S accounts are not created as cost elements.
Follow options provided by fellow members related to field status variant and posting key settings.
Hope this helps

Delete Planning Cost/Revenues and Balance Sheet Data

SAP Gurus,
Does anyone knows how to delete Planning data related to Cost/Revenues and Balance Sheet Under Prift Center Accounting?
I already found the Cost center side KP90 and KP91, but unable to find the Profit Center side.
Your help will be greatly appreciated.

I think KP90 / KP91 are not just for cost centers - they are to delete PCA, PA planning as well. In KP90, you can restrict deletion for given cost elements. KP91 is to delete data for all cost elements in a given planning version / fiscal year.

WBS element on balance sheet accounts?

Hello everybody
Is there anyway to assign the WBS element to a balance sheet account?
I don´t really need it to interact with the PS module, I just need to classify the accounts and receivable payables according to the WBS element.
I´ve already tried to modify the field status of the G/L accounts and the posting key, it didn´t work.
I´ll appreciate any ideas you can give me.
Thanks!
Rivendelian

I think you must assign account and /or cost centre in trx. ME21
A.

Balance sheet account can be used as a assesment element?

Dear Gurus ,
Please let me know wether a balance sheet account can be used as a assesment element.
Cheers
Balaji Dhanavel

Hello,
You have created two threads. You may please close one of them.
However, I am giving you the reply here also, because I do not know which thread you observe.
I do not know in which context you are referring as "assessment element"
You can create a cost element by using KA06 and create a secondary cost element. However, the system will prevent you if you try to create a cost element which is balance sheet GL Account. You have give a name which is not a GL account. Then only you are able to create the secondary cost element.
For assessment, you can select the cost element category "42". The cost element can be used for configuration in CO.
Regards,
Ravi

Cost center empty in general ledger view for balance sheet accounts

Hi !
We are implementing ECC6 with new GL functionalities. We activated differents scenarii: cost center, profit center and segment.
Using FB03 (display document) we noticed that in the entry view, everything is fine: cost center, profit center and segment are filled successfully.
However, in the New GL view, the cost center is not filled for balance sheet accounts.
Any solution?
Regards,
Julien

HI,
Cost center will never be filled for the Balance Sheet account. For Balance sheet account Profit Center is required to be filled.
Don't be afraid this is the fundamental practice across the globe. Cost centers will be filled in only Expense account.
Exception to above rule is Asset master will recieve cost center because this will help in determining asset per department.
Regards,
Chintan Joshi.

Balance sheet acoount as Cost element?

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