Balance Sheet Balances to Profit center accounting

Hi!
we are in classic PCA and using SAP from last 5 years.
Till now we have not used functionality of 1KEK,1KEH, 1KEJ etc.,.
now we want to use that. before using that, we want to transfer the Balance Sheet GL accounts opening balances to Profit center accounting.
for example we are in January to December fiscal year and now period is June.  So first we want to transfer all the balance sheet balances to Profit center accounting as opening balance on January and then periodically run the standard transaction codes.
is there any option to suit the above requirement.
ramesh

any suggestion

Similar Messages

  • 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

  • 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

  • Balance sheet planning in EC-PCA - Profit center accounting

    Does anybody has experience in planning balance sheet positions in EC-PCA ?
    We create balance sheets by Business Unit in profit center accounting for inventory, WIP, assets and AR/AP.
    Now it is the goal to use this data for the planning.
    I only found a function for inventory. Does anybody know if it is generally possible to do this for all the mentioned balance sheet positions and what is the best way to go for it ?
    Thanks and regards, Sebastian

    Have you tried 7KEV transaction?

  • 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

  • In ecc.6 version (T code -2KES, profit center accounting , balance carry )

    dear experts,
    i am akshaya kumar nayak, i have  issue regarding balance carry forward on ecc.6 version, (on profit center accounting T. code -2KES,) is it possiable to carry forward, if yes than how ,
    please i want to kown, plz you help me , i am the new in sap fico ,(plz give me the solution from the starting to ending procedure,
    Thanks&regards,
    Akshaya kumar nayak,

    Hi Kerstin
    Assume you are on ECC 6.0 and you dont create Dummy PC...
    If doc splitting is active, you get an error that "PC in Line item XXXX not filled"... System does not look for Dummy PC in that case...
    Same behaviour should have been replicated in CRM as well.. Dont you think so?? If I have not activated EC-PCA, I am not supposed to get any error related to Dummy PC... Thats the basic premise of SAP, as far as I know...
    When Dummy PC is a feature of EC-PCA, system should look for it only when EC-PCA is active... Though you can say Dummy PC can be created from New GL Menu,, but the basic premise which stil remains is the behaviour is not the same in CRM & Other ECC components like FI, when the PC is not found.... One behaviour is as per EC PCA active and the other is as per New GL PCA active
    Anyways, thanks for sharing your knowledge on this,
    br, Ajay M

  • GL Account Balance with respect to profit center

    Dear Guru
    is there any Bapi or Fm to calculate GL balance total for particular Profit center.
    I tried searching on net but didn't get as such any....
    Thanks in advance.

    Hi Ajit,
    My requirement is to get the total of GL balances for the respective profit center.
    But in Report i didn't found profit center parameter.
    Thanks

  • 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

  • Change balances of assets in profit center

    Dear All  Could you please help me to change balances of assets in profit centers.
    Now I need your help to change balances of assets from profit center ABC  to profit center XYZ …
    Thanks
    Vijay

    Hi Vijay
    You can check the existing functionality of Time-Independent Management of Organiz. Units.
    In IMG:
    Asset Accounting >
    Master Data >
    Specify Time-Independent Management of Organiz. Units
    Please review IMG documentation to see if it can fit your
    needs.
    Regards
    Javier

  • Profit Center Accounting with New GL

    Hi All!
    Client wants to draw the balance sheet plant wise.I would like to know how to configure the profit center accounting with New GL . Are business areas mandatory in this case ?
    Regards,
    Senthil

    Hi Senthil,
    Please refer the link: http://help.sap.com/erp2005_ehp_04/helpdata/EN/2d/830e405c538f5ce10000000a155106/frameset.htm
    It give the idea bout NGL and how the Profit center accounting works in finance itself and the required settings to make zero balance using the docuement splitting functionality.
    Business area is not mandatory, it's used as parallel as profit center.
    Thanks...Vyas

  • Profit Center Accounting in ECPCA and New GL

    Hi Friends,
    We want to use the ECPCA profit center accounting for managment reporting. Also we are using new GL therefore we also have Profit Center accounting accounting.
    Can we just go with ECPCA, if yes what would be the dis-advantage of not using New GL profit center accounting.
    Also can we use the both, if yes then do we need to take care of something specfic which you would like to suggest.
    Thanks in Advance

    Hi,
    Thanks for the SNote. But now I am in a fix.
    Note says that if I use the new GL and document splitting then I should not use the EC-PCA.
    But my client do not want the cost center allocations to come in FI due to Regulatory constraints i.e no CO-FI reconciliation, however want to see the profitability at profit center level, as well as balance sheet at profit center level.
    If I use EC-PCA for giving profitability at at profit Center level then I will not be able to use document splitting in New GL to give the balance sheet at profit center level.
    And if I use New GL then I cannot give the profitability at profit center level as allocations are not there in FI.
    Have anybody faced a similar issue, if yes can throw a light on the same.
    Thanks & Regards,
    Ankur

  • Profit Center Accounting in ECC 6.0 New GL Accounting

    Hi,
    I want to make my understanding clear.
    If we are in ECC 6.0 and New GL accounting is active and also the One of the Document Spliiting characteristics is Profit Center, it means that all the document must have the Profit center to it.
    In this way we can get the Profit center wise Balance sheet.
    I hope my understing is clear till now. Please correct me if I am wrong.
    Now with this, my next question is , do we really need to Configure the Profit Center Accounting node Under controlling?
    If yes, why to do this? Because if we require Distribution or assessment cycle for the Profit center, it can be done through General Ledger Accounting node (New)  period end closing process.
    Please correct me if I am wrong.
    regards

    Hi Kerstin
    Assume you are on ECC 6.0 and you dont create Dummy PC...
    If doc splitting is active, you get an error that "PC in Line item XXXX not filled"... System does not look for Dummy PC in that case...
    Same behaviour should have been replicated in CRM as well.. Dont you think so?? If I have not activated EC-PCA, I am not supposed to get any error related to Dummy PC... Thats the basic premise of SAP, as far as I know...
    When Dummy PC is a feature of EC-PCA, system should look for it only when EC-PCA is active... Though you can say Dummy PC can be created from New GL Menu,, but the basic premise which stil remains is the behaviour is not the same in CRM & Other ECC components like FI, when the PC is not found.... One behaviour is as per EC PCA active and the other is as per New GL PCA active
    Anyways, thanks for sharing your knowledge on this,
    br, Ajay M

  • Business Area vs. Profit Center Accounting

    Hi all,
    I have a doubt regarding this issue.
    Our customer is a holding composed by 3 legal entities, each one with its own Balance Sheet. The company produces in such a way that they need to plan production and purchases globally (for the 3 legal entities).
    I searched how to deal with this, and if a create 3 different company codes it is really difficult to plan production and purchases for the 3 company codes globally. The most suitable solution would be to use STO process (stock transfer orders), but the purchases would be done by only one company code and this is not what the customer wants because only this company code would have tax credits.
    I am now thinking about having one company code divided into 3 different business areas or profit centers, but I am not sure which solution will be better, taking into account that each legal entity must submit a separate Balance Sheet. In Sap Help, I found that it is better to have different business areas if each organizational unit must submit external presentatios. But I was told that Profit Center Accounting came to replace Business Area. Is that right? May I use Business Area to do so or Profit Centers ? Which one is the most reccomendable?
    Thanks in advance.
    Regards,
    Florencia.

    hi,
    if u r setting as a business area,still u need to follow the reporting procedures to the local authorities, such as banks,tax,etc. but,if u do it as a profit center,it will come under ur internal entity (controlling), and for the local authorities,ur holding entity will take care of reporting,etc.
    thanks..

  • Profit Center Accounting Extraction

    Hi guys,
       I need to extract <b>Account Group</b> in my SAP R/3 to SAP BW
    <b>Profit Center Accounting > Account Group</b>
        Please advice if I can use any of the Standard Extractors to extract the Account Groups to SAP BW ?
        Your advice is very much appreciated! Thanking in advance

    Hi Dinesh,
      Thanks for the link.
      I can get the following from R/3 to BW  at the moment :-
      Profit Center Accounting Transaction Data
      Statistical Key Figures in Profit Center Accounting
      Line Item
      Line Items in Periodically Transferred Balance Sheet Accts
      But, what I really need is Account Group details in Profit Center Accounting.
      Please advice how can I capture this into SAP BW ?
      Thanking in advance for your help, mates!

  • Profit center account

    hi friends
    profit center accounts is internal controlling purpose but balances or values or any information update in balance sheet or profti and loss accounts
    regards
    shiva

    Modnay comes after Sunday and before Wednesday or the other way round depending on where u look from.
    Pl assign points if usedul
    Moonwatcher.

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