Difference between value category and cost element

Hi I am new to SAP Pm.can anyone explain me the difference between value category and cost element and how are they linked with examples

HI Pallavi,
Value Category are use to devide your total cost in to diffrent elements for example Material, External Services, Internal Services etc. If you dont have any value category configured then all cost will show together.
Cost Element are the cost collector where your cost will be booked means different cost under different Elements.
So What you need to do You need to create one Value category Like material or any thing then you need to assign all Cost Elements which will be used to book cost related to Material or that perticular category. You can assign Cost Element directly, range or as a group to these category under SPRO.
Regards,
SS

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Difference between GL Account and Cost Element associated

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Regards,
MAtthieu

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toledo2925
If you are interested in Adobe Photoshop Elements (photo editor), please review the following link and then contact Adobe Sales for further information.
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Message was edited by:
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Thanks,
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HII
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regards
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Difference between value category and cost element

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