Cost Objects for Settlement
Dear Co Experts,
Normally in product costing, there are 3 major itmes need to be costed.
1) BOM (2) Routing (3) Over Head Expness.
1) Here Bom is directly related to G/L Account.
2) Routing is Sequane of Activities, Activities (Cost Element 41) assaigned to work Center ....Here my doubt is after confirmation of Production order these expness how can we updated in to FI. Because these are the Secondary Cost Element/ Cost Center.
Regards
Raj
Hi,
The BOM which is consumption of production will post with the primary costelement when do the material movements with 261 movements.So FI entry will done automatically.
But for the Activity when the production order get confirmed the amount will be posted to the secondary costelement with the costcenter.
So when the production order get settled the entire BOM,Activity & Overhead cost get settled to the Material.That time when settlement the system will post to the primary costelement automatically during the settlemnt of production order,
So when settlement of production is done the FI get updated.
For other over head also same
Regards,
Raj
Similar Messages
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Cost object for raw material consumption posting
the raw material cosumption posting is done in the background when the goods issue is done. so where do we assign cost object for the primary cost element of raw material consumption account. since we create primary cost element for raw material consumption account, it will expect us to give cost object, so where we assign cost object for the raw material consumption cost element
hi
since the raw material cost is relevent for cost accounting u need to maintain primary cost elment accounts.When ever u confirm goods, the rm issue will take place automatically and will be debited to either product cost collector or production order. so u need not to assign any cost object for these consumption accounts why bcoz issues will take palce aganist a production order or product cost collector which is a cost object .
regards
siva -
What are the possible cost objects for raw material consumption postings
what are the possible cost objects for raw material consumption postings. i want to know whether it can be work order(maintenance order).
For example, you are confirming a process order and issuing raw materials to the process order, the system in the background creates the consumption posting and will by default use the process order as a cost object.
Similarly, when you are issuing materials to a work order, you will use MB1A and with movement type 261 and the system prompts you to enter the order number. If you are using movement type 201, then the system prompts you to enter the cost center and so on.
Thanks,
Madhav Nanduri -
Cost object for Revenue Item?
Dear friends
When I am posting sales entry in F-02, system is asking Cost Object.
I have given Cost Center as a Cost Object. In the control tab I have removed lock for Actual Revenues also.
Even after this also system is asking the Cost Object. And I am getting the below error:
Account 301001 requires an assignment to a CO object
"Message no. KI248
Diagnosis
All given account assignment objects (order, project) are defined as statistical.
System Response
Statistical orders or projects are ignored when FI and CO are reconciled. You must enter a cost center, order, project, or cost object to which the costs are posted for CO postings.
Procedure
Enter a cost center, an order, a project, or a cost object that is not statistical. The posting row affected is 002 and the account is 301001."
Regards
Kiran ARevenues posted to cost center always statistical postings only. System is looking for real cost object. Go to profit segment field and derive manually to post to profit segment. Otherwise you need a Internal Order or Sales order
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Business object for Settlement Rules
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Is there any Business Object available in SAP for Settlement Rules ?
I've identified Change Document Object RKABRV for Settlement Rules but I need respective BO to do the mapping in tcode SWEC.
Please share.
Thanks,
Anirban.Hi Naval,
To find out a BTE for a given tcode you can try this. In a session open SE37 tcode and open the function module BF_FUNCTIONS_FIND. Set a break point at CALL FUNCTION. Then in another session open FB08 tcode. Try creating a entry and save. When you press it will call this function module. Now check for the values in the container I_EVENT. It contains the BTE that can be used for the given tcode.
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Validation rule on Cost Object for Manual Journal Entry
Hi Experts,
We have an issue regarding General Ledger Account to be posted manually (FB01,FB50...).
For this posting the busines required only one Cost object (WBS or IO or cost center) is needed.
The problem is that I can not define a Field status group who require only one assignement, either WBS or IO or COPA.
Thus all General Ledger Account is alraedy created as Cost Element.
How can I create this validation rule ?
Thanks for helpHi Shoeb
SAP allow only one cost object to be filled at one time in order to avoid conflicts. example- CC, WBS, IO etc. you can enter only any one of these in one particular document. how ever balancesheet items are not needed to be filled this.
Hence I guess your validation issue may be already taken care by SAP standard solution. You may keep all cost objects as optional in you Field status group so that it allow any values.
Cost elemets categoroes (primary, secondary)are different than cost object (CC, orders, wbs etc).
if you still need a validation please specify the purpose of validation. hope this helps.
best regards
Jomon -
How to Create a Cost object for a Rental object in RE-FX
Dear Friends,
We have created one Building and it has been assigned with an Asset Master.When depreciation is posted it is debiting to the Cost Center attached to the asset master.
Here the requirement is to allocate the Cost from the Cost Center to the Rental objects Created under the Building based on the Floor area of the rental Contracts/Rental objects.
Can you please suggest how to resolve the issue & how to distribute the Cost from Cost Center to Rental objects.
Thanks and Regards
Gyanendra
+919963062333hi.........
When you to create rental unit all the relevant details as rent, floor area etc are mentioned in master itself in different tabs check whether it is being maintained or not. Further on right hand side on the top there is one button for co settlement rule click on it and maintain settlement rule give sender as rental unit & receiver as cost centres you want. Thereafter execute the settlement. Apportionment will be done as required.
Hope this will solve your problem.
Regards
Manish Jain
Pls assign points if your problem get solved. -
Error while doing MR11 as enter Profitability segmet as Cost object
Hi All,
While doing MR11, we noticed a error message (ZC - 001) as "Enter Profitability segment as Cost object for Revenue and COGS posting".
The specified Material account is created as Cost element (CE Category 11) and in OKB9 configuration this cost element is choosed (ticked) with the option "profitability segment". Also there is no substitution rule to derive profitability segment in OBBH substitutions.
However there is a validation (GGB0), where the above specified Material account is included in the range of accounts in the Prerequisite, and Check as "Profitability segment is > (greater than) 0000000001 and with the message maintained as "Enter Profitability segment as Cost object for Revenue and COGS posting".
Can any please help why this error has come at the earliest.
Thanks & Regards
KarunHi Eli,
Thank you very much for reply.
I hope the note 184987 is not applicable in our case as the Field status of specified Material account does not have required entry for Profitability segment.
Can you please let me know if we have entry in OKB9 and existance of entry in Validation creates the problem and throws the above error message?
With regard to other note 134484 which you have specified on "error in Account assignment check in MM transactions" says "A detailed default account assignment (for example profitability segment) was defined in Transaction OKB9. However, the profitability segment is not set up correctly for goods movements: the characteristics material, plant, business area are missing. A later check of the profitability segments against material, plant and business area then generates an error message since the profitability segment is inconsistent".
Is there any way to confirm whether this situation is leading to our error before implementing this note.
Thanks & Regards
Karun -
Cost of Goods Sold - Cost Element asking Cost Object
Dear All,
We have defined a G/L account :500000 (Cost of Goods Sold - Field Status Group:G030).
Normally we should not create it as a cost element,but when CRM consultant does a transaction ,system asks that GL account :500000 not created as a cost element,Hence that time I have created as a cost element.
Now every time ,system is asking for cost object for this cost element.
As you all know that ,we can maintain in OKB9,but in our scenario,we have more than 3500 Cost Centers,which is not possible.
Can anybody share as how to resolve this issue?
Regards
SubbuThanks Mr Ajay for understanding my question.
As I told mentioned in my initial question that I have created the GL:500000 (COGS) when CRM/SD issues the stock for delivery.
What my FI done is that the same GL (500000) is assigned both in GBB-VAX and GBB-VAY as per the client requirement.
Now suggest me as how to come out from this situation?
If I need to do Validation ,request you to give your guidance as how to do it as I never done.
Thnaks in advance.
Su -
Dear All,
I need to make myself understand as I read few post which quite confusing.
Why sometimes sales order can be cost object for certain processes but not for some processes? In this case, GL can be cost element and also not a cost element.
Why third party order and MTS, sales order is not cost object whereas MTO, sales order is cost object?
thanksHi,
Below information helps you to understand the difference between MTO and MTS further:
MTO:
You will receive an order, it can take huge time to deliver this sales order, you need to follow the legal compliance on Revenue recognition, the functionality of Result Analsysis which is possible when the sales order is a cost object provides you the flexibility to manage the revenue recognition methods (OKG3). You can track the costing by Sales Order.Finally the costs and revnues are transferred to CO-PA.
MTS:
You will manufacture a product and send back to stores. You will receive the Order later, and you will pick the goods from the stores and delivers to the customer. Revenue recognition directly when the Billing is done together with costs.directly in CO-PA. No individual lot based costing required.
Kind Regards
Umapathi G
Edited by: Umapathi Naidu G on Aug 3, 2011 3:47 PM -
Can we post to two real cost objects?
how many cost objects can we use at the time of posting? and how many real objects can we use at the time of posting? as far as my knowledge we can use one real object. but in one interview , the interviewer said that we could use two real objects? if he is correct, please give clarification on this.
Thank you for your valuablt time and valuable answer in advance
AARHi,
You can always do manual reposting like you pass Journals in FI. Or for that matter when you do allocation of expenses using Distribution.
Basic idea is you cannot debit 2 cost objects for the same expenses at the same time. as long as you follow the accounting principle of debiting one cost object & crediting another, that is allowed.
Regards -
Block cost center for overhead account
Dear Experts,
My user would like to block the cost center for overhead account, gl account number 3xxxx.
My question is, should the cost center blocked to be changed to other account? If yes, where to change the setting/configuration for overhead account to cost center? And what is the effect for this changes.
Kindly advice.
Thank you in advance.Hi,
In KS02 you can block the cost centre for secondary postings only, if this is what you mean by 'overhead' accounting. In OKB9, you set a default of a cost object for G/L account. If you want to block the postings to cost centre completely, obviously, you will have to change the default to other cost centre. Otherwise, you will be receiving errors when trying to post to the account in question. The impact of the change will be, that every new posting to this account will be done with a new cost centre.
Regards,
Eli -
Tax account cost object problem
Hello Experts,
I have configured HST tax codes in ON Canada i.e 5% going in to BS acc and 8% going in to P&L acc. The 8% portion of tax is non recoverable but it reportable thatu2019s why client wants to post it to a separate P&L acc.
Issue isu2026
When I am doing MIRO, I select the HST tax code and simulate it but system is asking for a cost object for this 8% P&L tax acc(off course it is standard), but the real problem is the cost center/WBS element fields are grayed out and I canu2019t enter the cost center here. Clients wants to enter the under lined expenses line item cost center here (doesnu2019t want to default cost center OKB9)
With manual invoice FB60,.. no problem at all,..I can double click the 8% P&L tax acc and enter the cost center.
Please advice how does resolve this issue. Any solutions please welcome.
Regards
MadhuMadhu,
I did some investigation too and it looks like this is only way i can do this.
Do you think of any User Exit name, which i can use it here?
Thank you and appreciate your help. -
How settlement rule will be created for Sales order with cost object
Dear Experts,
We are using product cost by sales order with valuated stock. In addition we are not using COPA
We also consume some materials at sales order level and at the end of month we want to do the result analysis and settlement for the same amount. In this case can any on explain how system will behave regarding settlement of sales order cost and what entries will get pass in the system.
In our case we have done below activities...
we have created sales order,
All production order activities completed till final GRN including month end activities
Material consumption against sales order
Result analysis executed
At the time of sales order settlement, system throwing error (Sender doesn't have valid receiver, please create settlement rule for sender object)
Then i checked in sales order there sales order settlement rule not defined.
I guess this settlement rule need be generated by system automatically. If not, please let me know the process of it.HI kishore
the reason is that sale order always carry the revenue and production order and production period carry the cost .
cost you can settle to the Material and even management want to be settle the cost to material only in production order OR period
but in sales order when u sell the product it carry the revenue not the cost and management want see and analysis based on profitability segment are profit center level .
Prerequisites
If CO-PA is active, the system generates a settlement rule when you create the sales order. The settlement rule determines whether data is settled to other objects or other areas in Controlling. In accordance with this settlement rule, the relevant data is settled to CO-PA.
If CO-PA is not active, create a settlement rule. This settlement rule that you create manually normally contains a G/L account as a receiver (such as 399999). You can also settle costs and revenues or results analysis data to objects with revenue.
You can also settle the cost of sales calculated in results analysis to a fixed asset or a cost center. To do this, you must add to the allocation structure the results analysis cost elements under which the cost of sales is updated to the order.
The settlement rule includes a distribution rule for the sales order item. The distribution rule is made up of a settlement receiver, a settlement share, and a settlement type:
The settlement receiver (such as profitability segment or G/L account) specifies the object to which the actual costs and revenue of the sales order item are settled. The settlement receiver can be proposed through the settlement profile.
The settlement share defines the percentage or the equivalence numbers used to distribute the costs to the individual settlement receivers. The settlement share for sales order items is usually 100%. A settlement share of 100% is preset in the system.
The settlement type specifies full settlement of the sales order item. This ensures that all the data on the sales order is available for results analysis.
Settlement still takes place in each period. The revenues and the cost of sales are transferred to CO-PA by period, and the work in process and the reserves are transferred to FI. -
Account 'Cost elem. for settlmt AuC to CO objects' could not be found for
Hi All,
I am facing one error massage at the time of CWIP Asset settled in Cost centre
Account 'Cost elem. for settlmt AuC to CO objects' could not be found for area 01
Message no. AU133
Which G/L Account (cost element) we have to assing there in Account determinati A090.
What is empact this our G/L Account.
Please help me to resolve this issue.
Thanks & Regards,
juhisHi AP,
Thanks for your reply,
We find one element there assgin but that is not a G/L account what we do we can assgin that element in the Account determination in that asset account determination OR we have to create new G/L Account.
When we create new G/L Account in which Account head we have to create and what is impact that g/l account in our Balance sheet account.
Please help me ot understand that Process.
Edited by: juhis022 on Mar 2, 2012 10:15 AM
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