Creation of Cost Element in trading Company

Hi,
Ours is Trading company. We do not manufacture any products and hence we don't have production or process orders.
Should we create price difference (due to difference in goods receipt and invoice receipt) and Cost of goods sold G/Ls as cost elements?
Please reply.
Regards,
Bijay

Hi,
If you are using controlling, you can create those accounts as cost elements. It is all depends upon the requirement. Is this price difference account effect your cost reports?  i mean if you use this account for management accounting reports you can create this account as a cost element.  In the same cost of goods sold acocunt also. 
The rule for creating an account as cost element is .. is that account effect your controlling/management accounting or not. If yes, create as a cost element otherwise no need.
Regards
Radha

Similar Messages

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    Hi,
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  • Manual/Autometic creation of cost elements in chart of accounts field

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    (AUTOMETIC CREATION OF COST ELEMENTS) what will happen?
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    Hi,
    MANUAL CREATION OF COST ELEMENTS -  Cost elements maintained manually. A push button is available for
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    AUTOMETIC CREATION OF COST ELEMENTS - Cost elements maintained automatically. When you save a new G/L
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    Dear Santosh Dharana,
    Good Question.  i can clarify you. this question
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  • Restrict Creation of Cost Elements

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  • Creation primary cost elements

    Primary cost elements can be generated in batch for creation, but then it seems to me it's all of them or nothing.
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    Hi Walter,
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  • Service activity creation & automatic cost element picking up

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    Check out the Network profile & Plant of of both the project
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  • Creation of cost element

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    Hi Mohammed,
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  • Mass creation of Cost elements

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  • Creation of PL Element without it being a cost element

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    Sanil Bhandari

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  • No Adjustment account found for cost element

    Dear Gurus,
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    Neither standard account determination nor the enhanced function found an adjustment account for the reconciliation posting.
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    Maintain the standard or enhanced account determination. Information on maintenance can be found in the program documentation.
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    Maintain the standard or enhanced account determination. Information on maintenance can be found in the program documentation.
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    The Financial Accounting program cannot process the document.
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    A system error has probably occurred in the application you called up. Check the data transferred to item "0000000002" of the FI/CO document.
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    SAP CO

    Hi,
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  • Two Cost Element for the same GL

    Hi,
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    --- Select Save
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    Fit 4 Nothing

  • GL account and Cost elements

    Hello All,
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    Priya

    Hi Priya,
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    Chintan Joshi

  • Tax account cost element

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    Hello,
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