Finance Postings with incorrect cost elements assigned
Hello,
I am implementing the SAP Plant Maintenance Module (PM) at my Company and Iu2019m running into issues with the finance team regarding the finance (FI) postings during the material goods issue (GI) to the order (MIGO) and financial settlement (KO88) of all order costs.
When a material is issued to the order via MIGO a material document is created with two financial GL postings; credit the inventory account and debit the material expense account. The posting made to the parts expense account contains a reference to a profit center and the PM Order. However my FI Group is saying the posting to the parts expense account must be accompanied by a Cost Center. My understanding of this is that the PM Order itself is an interim cost collector which is why itu2019s referenced in the posting and not a cost center. Knowing that once the settlement run is executed for the PM Order the costs collected in the order will be settled to the appropriate cost elements. Once settlement occurs the FI postings are generated for the materials and the costs are moved to the cost center of the equipment/PM Order. The two material postings generated are; credit to the material expense account (offsets the G.I. posting above) and a debit to the expense account along with the cost center of the equipment. The debit posting to the expense account is the posting that carries the cost center assignment and the one which I believe my finance team is looking however as I said above they expect the cost center assignment in all postings to the parts expense account.
Can anyone tell me what the SAP Standard approach is for CO postings during a Goods Issue to a PM Order and the CO postings for materials during settlement? Is it possible to post to a cost center and PM Order at the same and for what business reason would this be done?
Thank you,
Mike
Hi,
Spare parts or components are the company assets. So while issuing those components for consumption, asset account for materials would get value reduced & expense account for the material would get value added. Here no picture for Cost Center.
Only while doing the settlement, cost center will come into picture by getting the value from order to the Cost center.
Regards,
Maheswaran.
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