Cost-reducing revenues
Hi,
1 Can have example of Cost-reducing revenues cost element?
2 what is the difference between cost reducing revenue element and revenue element? i know cost reducing revenue is category 1 whereas revenue is category 11 but i do not know what is the difference between them.
3 as category 1 is both primary cost and cost reducing revenue, so how can i know the posting is primary cost or cost reducing revenue?
thanks
Primary cost = Cost Element (Category 01) =It is a Business Cost (Purchase of Raw Materials,Salraies paid to employees)
Revenue element( Category 11) = It is a Business Revenue ( Sale of Finished Goods,Trading Goods etc.,)
Other Income is also Revenue element.(Category 11) = Rent received ( which is not reducing business cost)
Where as Cost reducing revenues (Category = 01) is the revenue which reduces the business cost (Discount received on Purchases, Discount received on early payment made to Vendors etc.,)
Srinivas
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Settlement of Project Cost and revenue to GL
I am trying to Settle the project Cost and Revenue to GL account. For the same I have defined settlement profile maintaining GL as optional receiver and then I have maintained Source structure for cost and revenue as to separate them at the time of defining settlement rule, defined Allocation structure where in receiver against source, I have assigned GL as by cost element receiver. After that I have maintained settlement rule for WBS element, but when I am running a settlement is done to either of the GL for cost or Revenue which ever is defined first in settlement rule. It is not creating any settlement for second line item of the settlement rule and system is not giving any error message as well.
Where as if I am trying individually only for cost or revenue , settlement is completed with all the values but with any accounting document generated, but if I see the entries to that GL, a settlement entry is created for that transaction.
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Thanks and RegardsHi,
If it is posting to the first line means....
Follow the steps below:
First try to create a project and post the actuals and revenues.
Go to cost element report pick up those cost elements both for costs and revenues.
Go to Soruce Structure in the config, define the structure with name for Ex: 'Z1' and define two assignments, one is Costs and other Revenue, by selecting the costs go to Source mention the cost element where the actual costs are posted on (Mention only that cost element no other cost elements), next select the Revenue assignment and click on Source and mention the only cost element where the revenue wsa posted (Mention only that revenue cost element no other cost elements) and save the transaction.
Come back to project builder, select the wbs and click on settlement rule, in the menu goto-->settlement parameters and check whether the source and settlement profiles are correct or not, incase source structure is not available mention the same.
come back to settlement Rule overview and fill the fields as mentioned below:
1st line: Category: GL
GL Account: GL Account Number
Source Structure: COSTS
2nd Line: Category: GL
GL Account: GL Account Number (Revenue Account)
Source Structure: REVENUE.
Now Run the Settlement for the specific period costs posted, the costs will be posted seperately to the two different GL Accounts.
I think this will resolve your problem.
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Check out the following site for your querry.
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Dear Sir,
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Gagandeep Singh.Hi,
IN any project you incur some expenses and at the same time when you sell something you generate revenue. But in the intitial stages you cant say what is the actual cost that you are going to incur or what is the actual revenue you are going to generate at a certain point/phase in a project.
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Can you please let me know how to find actual costs and revenue related to service orders?
what tables to go to?
We are planning on going back to a service order from the billing document and get the actual labor costs.
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Hi All,
How to transfer the depreciation cost to revenue in the middle of the year???
RegardsHi Siva,
Please Have a look to these SAP documents: very useful they explain all.
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/MYSAP/SR_CS.pdf
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/CS/PMSMASC.pdf
http://help.sap.com/saphelp_47x200/helpdata/en/31/03953401024735e10000009b38f83b/frameset.htm
Please Reward If Really Helpful,
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Sateesh.Kandula -
Free of charge Item determination in SO with cost and revenue transfer
Hi,
Please guide me on the followings.
I have a following requirement for determining the free goods in the sales order .We have two plants
1. Plant 1 is for valuated materials
2. Plant 2 is for Free of charge Items
Free of charge items which are given to the customers are supplied by the vendors and stored in the plant meant for the Free of charges items. But sometimes when free of charge items are not available in the stock then user take FOC item from the plant which is meant for the valuated materials and send it to the customers as a free of charge item.
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Similarly when there is no stock of material in the valuated plant then user take the same material from the Plant2(Non-valuated) and send the material to the customer. In this case user wants to have the revenue posted in the respective G/L Account.
But it should also appear as a free of charge items in the billing document.
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Rahulhi,
transfer of cost from sub item to main item is configured in the delivery to billing copy control for the main item. go to VTFL > select the required item cateogry > here at the bottom you will find a check box Cummulate cost. Tick it.
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sadhu kishore -
Report to see the actual cost and Revenue..
Hi all,
My Sales Cycle is Sales Order --> Delivery --> PGI --> Invoice --> and Accounting.
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When we do the Invoice Revenue and customer account entries will generate.
Now my customer wants to see the total Actual cost as well as total revenues in a single report (Sales order wise).
Is there any Standard report availble for this?????
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SUBBU..Hi,
You will have to use LIS and develop a std or flexible analysis to develop this report.
Check the below links
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/LOLIS/LOLIS.pdf
http://help.sap.com/printdocu/core/print46c/en/data/pdf/LOLIS/LOLIS_KOMPONENTEN%20DES%20LIS.pdf
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Amit -
Planned Cost & Planned revenue - Not displaying data in Bex.
Hi BW Experts,
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Jelina.Hi Jelina,
Is the load successful to the cube?
Did u check the data in the cube?
Is the data populated fine?
Otherwise check the properties of Planned Cost and Planned Revenue by changing the Infoobjects. And check the lengths given and the datatypes. Compare them with the length and the datatypes of the fields u are retrieving from your source system.
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KK. -
Capture costs and revenues - WIP
In CO module, we have a issue: manage all costs of sale project (Zeetech)
For example: The customer has a building, then Zee will install the electric system, air condition systemu2026. The requirement of Zee that: they want to control both revenue and cost for each sale project.
In SD module: they will create a sale order for a sale project. But in sale order, we only see the revenue.
The cost account include: main material cost account, auxiliary material cost account, labor cost account, overhead cost account
At the end of the period (monthly): we have 2 case
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· Case 2: The sale project havenu2019t finished: a part of cost will be transferred to COGS, a part of cost will be transferred to work in process. In the next period, if the sale project finished, we will transfer WIP to COGS
We test the solution that use internal Order: all cost will be captured to IO. we can set the settlement rule in IO: settle from IO to SO, so in SO we can see both revenue and cost (COGS). But the COGS account and WIP account which we settle is secondary cost. So, after settling the accountant have to post transaction manually in FI module. This solution is OK in case 1. But in case 2 : we have a problem: settle cost to WIP, if in the period we have many sale project havenu2019t finished, we only use one WIP account. In the next period, have some project finished we donu2019t know which cost of which sale project need to be settled from WIP account to COGS account.
So, if you have an other solution, please reply in the forumYou can meet this requirement thru configuration of Results Analysis Key.
Design the suitable RA key and assign RA key in Sales order master data.
At period end , You have to run Tcode KKA3 - Results Analysis / WIP , for all Sales orders which are still open. -
Q1. my company is a marketing company ,finance dept. have
to place an invoice and bill to department store every 3
month ,but sales input sales orders into SAP system and
post good issue everyday , cost account will be create
when post good issue .how to put cost and A/R in the
same month or balance both ,tks
Q2. another one , goods will be delived to customer once , but
the payment are separated in different month ,for example
7/1 sales order creation , 1000usd
7/3 post good issue and create cost account
7/20 payment 200 usd
8/20 payment 500 usd
9/20 payment 300 usd,
How to balance between cost and A/R revenue
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