Primary Cost Elements

Hi,
Pls tell me whether we can create Primary Cost Elements for all P&L related GL codes or there is some restrictions?
Regards,
Vikas
9891587368

Hi Viki
Please note the below mentioned important points.  Although your query is answered in the thread, would like to ensure you do these checks to keep clean cost accounting records
You should not create cost elements for all P&L items. Please note not to create cost elements for following GL accounts
1) Cost of goods sold
2) Variance accounts with PRD, PRF - this results in double accounting in cost accounting books
3) If u hv sales order costing related scenarios then u can create COGS account with account assignment. Depends on your scenario
4) All other accounts u can create cost elements as per the business requirements.
But ensure u do not create COGS as cost element. If you create COGS as cost element system asks for accnt assignment object every time and to eliminate this a cost center is assigned in OKB9 for COGS cost element, which is not correct.
Please check this, very imp to hv clean cost accounting records
Assing points if the above clarifications are helpful

Similar Messages

  • Creation of Primary Cost Elements at FI area

    Masters/Experts,
    When i am trying to creat PCEs at FI area using Tcode-FS00, i am not getting a new screen after punching the EDIT COST ELEMENT pushbutton, infact i am getting the message "EDIT COST ELEMENT IS ONLY POSSIBLE FOR PL ACCOUNTS".
    I can see the Radio button is on the P&L account statement and not on the balance sheet radio button.
    Points will be awarded for the expertise.
    Thanks,
    Maria

    Hi maria,
    While creating or changing the G/L a/c by FS00, click the P/L acct radio button.Also mention the P/L acct statement type.If it is to be maintained in Retained Earnings, u can check 'X' (usually).after the account is created u can go by "edit cost Element" or by TCode KA01 and create the Primary Cost Element.
    Please let me know if u r still facing the problems.
    Please reward points if you find this to be useful.
    Thanks,
    Prithwiraj.

  • Primary Cost Element Report - Cost Center wise Totals

    Dear Seniors,
    Requirement is to have a report which gives Cost Center wise Totals (Net posted amount) for Primary cost elements with the following fields --
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    Fiscal Year
    Net Posted Amount
    Debit / Credit Indicator
    Currecny
    Which Table gives me this information ?
    Thanks and Regards
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    Hi
    If you are on New GL - Then FAGLFLEXT (Totals table)
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    br, Ajay M

  • Settle internal order to primary cost element

    Hi all,
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    Best regards, Paul

    Hi,
    Check the setting
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    Regards,
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  • Settlement of internal activity cost to primary cost element.

    Hi Gurus,
    My client has a  urgent requirement to settle the internal activity cost captured through Warranty order to a primary cost element (FI), also need an offsetting entry to another primary cost element against the first one.
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    Please suggest the way through which it can be achieved.
    Best Regards,
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    When you do settlement of the order, you can post to FI all the balance of the order.
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    For sure you can do this on a internal order, i don't know about warranty order (but shall be the same). Otherwise you can first settle to an internal order and then to the desired GL account.
    Regards,
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  • Deriving cost center from primary cost elements

    Hello CO Experts,
    For few types of cost,  we want to derive a cost centre when we enter a particular GL account in financial posting.
    Does anyone know if there is a way to link a primary cost element to more than one cost centre?
    The CE master data has only one cost centre field in the default acc assignment tab.
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    - enhance the master data by additional fields eg. cost center group
    - is there some sort of derivation for primary cost element / cost centre?
    NOTE: We are not using activity types and are talking only of primary cost elements.
    Thanks in advance
    Best regards, Deb

    Hi,
    you could realize it via a substitution OKC9.
    Regards,
    Greta

  • How to deactivate Primary Cost Element

    Hi,
    A primary cost Element is already created. Now We would like to decativate it so that during posting an entry it doesnot prompt to enter a CO object.
    How cdan we do this?
    Regards,
    MG

    Hi,
    For blocking the cost element you have two options
    1 )if earlier posting are not made to that particular cost center or no records exist then you can diredtly delte the cost element.
    2 )If posting is already made then goto KA02 in analysis period change the analysis period.
    Regards,
    Sreekanth

  • What type of  P&L Accounts does not need Primary Cost Element ?

    Hi
    The General rule is to create primary cost element for all the P&L items (GL Accounts).
    However, it seems like certain P&L items are not suppose to create primary cost elements.
    How do i know under what circumstances a P&L items need to create primary cost element  and which are the one not require to create primary cost element?
    Moderator: Please, search SDN

    Hi Friends,
    I, my self resolved the issue. by considering the following 3 rd strategy in
    For Activity Type/Processes: Considered 3rd strategy as below:
    Activity Types/Processes: 1 plan Price for the Period, 6 Most Up-to-date Plan Price
    and 2 Plan Price as Average of All Fiscal Year Periods.
    Now it has been resolved.
    Thanks all.
    Now it is closed.
    Vemula

  • Income GLs as Primary cost elements (Cat 1)

    Hi,
    At my clients place, some of Income GLs are created as Primary Cost elements with Cat 1 and they are exempted from budgetary control. I would like to know what would be the reason behind this.., pls. note Profitability Segment is not active.
    Regards,
    Khan

    I assume you want to know why they are 1's, and not why they are exempt from budgetary controls?
    I also assume that these postings go to cost centres?
    And I further assume that you were wondering why they were not created as 11's?
    And that is then also the answer - they were created as 1's so that they can post to cost centres. GL accounts are created as 11's or 12's when the postings need to happen from a sales order. In that case the postings can only go to revenue enabled cost objects, e.g. Internal Order or WBS made billing relevant, or to a Profitability Segment in Profitability Analysis.

  • 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.
    Is this also possible for 1 year for instance or for a limited number of cost elements, via another transaction for instance.  MASS create?

    Hi Walter,
    First of all you have to select automatic creation of cost elements for your chart of account in OB13.
    Next in OKB2, you have to specify the cost element category for the range or single cost elemets.
    Next create batch input session in OKB3, here you can give from and to valid date.
    You have to execute the created batch input session in SM35.
    Rgds
    Murali. N

  • Primary Cost element

    Dear Expert!
    How can I check how many primary cost elements are missing before I run OKB3?
    thanks

    Hi,
    You  can also get the report of cost elements created in the system through KA23.
    Thanks & Regards,
    Taral Patel

  • Planing primary cost elements on statistical business process

    Hello, dear collegues.
    I need plan primary cost elemet on statistical business process.
    How i can do it?
    In transaction CP06 i see error "Business process 1310-100 is statistical - transaction is not allowed".
    thank you for attention

    Hi Su
    It seems that SAP says that cost elements with category 90 can't be planned.
    check the following link.
    pl assign points if suggestions are useful.
    http://help.sap.com/erp2005_ehp_02/helpdata/en/08/5144dd43b511d182b30000e829fbfe/frameset.htm
    regards,
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  • OKTZ what is "primary cost element split" flag use for?

    Hello all:
    anybody can elaborate the sample for this?
    Best Regards,
    Manthana

    Hi
    Primary cost component split in config for cost component structures drive the segreration and storage of primary cost into different buckets like material cost, labour cost.
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    http://help.sap.com/saphelp_di46c2/helpdata/EN/7e/cb7e8643a311d189ee0000e81ddfac/frameset.htm
    Regards

  • Through Assessment cycle can we post costs through Primary cost Element

    Can we Send the Costs from Sender Cost Center to Receiver Cost Center by using Primary Cost emlement which is created with Cost Element Category as1 and by executing Assessment Cycle (KSU5)
    Thank you all

    Hi Naga,
    1. Do you want to transfer the cost in the Cost Element which is of category 1   OR
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    In case 1, YES, you can transter the cost
    In case 2, NO, you must create secondary cost element with category 42 for this purpose.
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  • How to find the origin costs(primary CE) for Assessment cost elements

    Hi All,
    How can we trace the Orgin costs(cost senders) for Assessment cost element.
    I have to create Co report where user wants the Costs senders(primary cost elements) details for Assessment cost element.
    Our cycles are defined as senders -  cost center and receiver's are Internal orders.
    so for assessement cost elements what are the primary cost senders.
    Is it possible to trace the primary cost elements details for Assessment cost elements.
    Regards,
    Raj

    Hi Chirstian,
    Thanks for the information.
    I have done the same as per your advise.
    I am trying to pull all the primary cost elements which are posted with my sender cost center's.
    All the cycles are defined as share in % = 100%.
    But unfortunately all the debits are of primary cost elements is not equal to credit amount of my Assessment cost element.
    The figures are very far and couldn't trace the difference amount. Is there any other report in SAP or how i can define in report painter to meet this requirement.
    Thanks & Regards,
    Raj.

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