Profit & balance sheet accounts

hi all,
i need to know how the depreciation accounts for profit & loss & balance sheet are linked coz in my report i need to show the depreciation account of profit & loss for balance sheet &  Depreciation account of balance sheet for profit & loss.
points will be  rewarded.
thnx & rgds

Hi,
We don't assign Balance sheet and Profit & Loss accounts to same FS item.
All P&L a/cs are linked to a retained earnings a/c automatically when we define only one Retained earnings a/c in customizing. And if we define multiple Retained earnings a/cs in customizing, then we have to assign the corresponding Retained earnings a/c for each P&L a/c in GL master.
And since Retained Earnings a/cs is BS a/c, they are grouped with all other BS accounts.
Hope this helps
Pl. assign points, if this is useful.
Cheers,
Som

Similar Messages

  • Balance Sheet Account saved as Profit and Loss Account now wants to rectify

    Dear All,
    Balance Sheet account wrongly created as profit and loss account, and it contains some entries in previous year and current year as well.
    Now we want to rectify that error i.e. we would like to change the profit and loss account as balance sheet account (which is to be as Balance Sheet A/c.).
    There is a program which is exclusively available for the same which converts profit and loss account to balance sheet account.  If you know pl. let me know.
    Waiting for your early response and thanks in advance.
    Regards
    anand.inguva

    Hi ,
    earliar also i have given same quation replay, possiblity is there for change GL account type.
    When you tray to can change to Balance sheet account from FS00 screen u can get following error message
    "Cannot change control of Profit and lossaccount (primary cost elements exist)
    "The data contains error, you cannot save"
    and if u open that message u can get the following message no.
    "The data contains error, you cannot save
    Message no. FH511"
    it can not be save. so u comeback from fs00 screen
    go to OBA5 and give the application are FH and enter, after that select new entries, select the drop down button select your message 511, in online column select W for warning and save.
    then u can get the change.
    please ensure that if you have not completed the year ending closing procedure the above shoul do..
    but your case last year also some entries thre in that particular GL account, so u can not do the above method.
    You cannot change the account type.
    you need to block that gl account and crete a new GL
    pass journals entries to transfer from old p&l gl account to new b/s account
    please try it and come back me
    assign points if it is useful,
    If u find the solution close the issue and assign points.
    thanks
    sai Krishna

  • Post balance sheet account to profit center accouting

    Hi.experts.
    I want to post some blance sheet accounts to profit center accounting,these account include material stock,wip. what should I do?
    thanks in advance.
    Fannt

    Hello
    Balance sheet items can be transferred periodically or online in realtime
    You can transfer the following balance sheet items to Profit Center Accounting in the standard SAP system at end of period:
        Payables and receivables
       Material stocks
       Assets
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    The payables and receivables to be divided are calculated in FI at the end of the period. To do so, call up the SAP Easy Access screen and choose Accounting ® Financial Accounting ® General Ledger ® Periodic Tasks ® Closing ® Regroup ® Debit Balance Sheet Account Subsequently.
    Enter the company codes for which you want to perform the calculation. For these company codes, the payables and receivables are divided according to profit center and business area. The results are then saved.
    You can now transfer the data to Profit Center Accounting. Do not choose the next menu option Post B/S readjustment n Financial Accounting. Instead, transfer the data in the Profit Center Accounting application menu, under Actual Postings ® Period Closing ® Transfer Payables/Receivables
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    The system then posts the payables and receivables to Profit Center Accounting under the reconciliation accounts of the general ledger. No FI documents are created in the process
    You can call up the function for transferring material stocks in Profit Center Accounting Customizing, under Actual Postings ® Transfer Selected Balance Sheet Items ® Set Up Material Stocks.
    The selection screen provides you with the choice of all company codes within the active controlling area. Select the period to be transferred. The current period is always based on the status of Materials Management. Normally, the data from the previous period is transferred.
    You access the transfer function by choosing the following path from the Customizing menu for Profit Center Accounting: Actual postings ® Transferring selected balance sheet items ® Generate opening balance for work in process.
    The selection screen provides you with the choice of all company codes within the active controlling area. You also enter the period and fiscal year.
    You generally work with the standard results analysis version 0. Should you wish to use a different results analysis version, note that this must be set up in CO Customizing for updating in Financial Accounting, as the corresponding account determination is required.
    The program transfers all changes in work in process within a single period. When running this function for the first time with a given controlling area, please select the field Create opening balance. The system then posts the opening balance to the start period. You can also post the opening balance to period 01 at fiscal year change, so avoiding having to carry the balance forward.
    You access the transfer program by selecting Actual postings ® Transferring selected balance sheet items ® Generate opening balance for assets in Customizing for Profit Center Accounting.
    The selection screen provides you with the choice of all company codes within the active controlling area. The depreciation area book depreciation per trade law (01) is provided as a default. You also select the posting period and the fiscal year.
    You should run the program in the background, as large amounts of data are normally selected. If you select the field Line item, a line item will be created for each asset in Profit Center Accounting. When handling a large volume of data, you should only use this option for test purposes.
    The system assigns assets to profit centers indirectly, via assigned internal orders or cost centers (see Assigning Assets). The program transfers the acquisition and product costs, as well as cumulated value adjustments. The accounts used for this transfer are taken from account determination for Asset Accounting.
    Note that it is only possible to calculate key figures (such as Return on Investment) in Profit Center Accounting correctly if an indirect statement of assets and depreciations is made in Financial Accounting
    Reg
    *assign points if useful

  • Profit center for payroll on balance sheet accounts

    Hi all,
    Is there any way to get the payroll transactions to populate profit center on the G/L postings to balance sheet accounts.
    Thanks in advance
    Sunita

    Hello
    Like FI field status groups, where we can manage screen field control, there  are field status groups for movement types.
    So in MM check FSG for these movement types and make them optional. It is somewhere in IMG in MM.
    Hope you would get values.
    Reg
    assign points if useful

  • Default Profit center for balance sheet account

    Dear All
    I've problem when i display accounting document in billing, there is no profit center information in GL account VAT,since document spliting is not activated,so I maintain default profit center for balance sheet account (3KEH),.
    can anybody tell me why this problem raised? where that i have missed the configuration?
    Thanks And Regards
    Adit

    Hi Vijay,
    Good day!
    I would like to seek your advice regarding the default profit center for Balance Sheet Account:
    We have this issue that BS account defualted to a certain profit center: I have done several testings but still cannot find why the BS account defaulted to the profit center
    1. I have checked the FAGLBK3EH and the BS account in which PC defaulted is not maintained in this tcode.
    2. also check the OBBH and the document does not contain any cost object wherein a profit center can be derived. also checked  substitution, either both of this code does not defines the profit center im searching for.
    Can you please advice some directions where to check and why certain profit center defaulted to balance sheet account.
    Your advice is greatly appreciated.
    Janice

  • Profit center charge to balance sheet account

    Hi SAP experts,
    I would like to seeking for professional advice on is below business process require to use MM module?
    Currently my customer is using MB1B (material transfer) to make an posting to balance sheet account (100) and in MB1B screen there was a column to assign profit center (P1).
    So the accounting document will be DR 100(g/l) & CR 110(g/l) and charge to P1(profit center)
    When customer go to view on KE80, will show the amount transfer charge to cost element 400
    When i go to view line item display for g/l 100, i didn't see got any profit center is assign to as i know that balance sheet account not require to charge cost object (customer is not in SAP 5.0)
    Now i would like to ask is there any possible, i can post a profit center(P1) to balance sheet account(100) and charge to other cost element (400) without using MB1B? only use manual general ledger accounting posting (FB01)
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    Thanks
    regards,
    ng chong chuan

    Hi,
    I'm not an expert in Cost accounting at all. from my own experience I know, that some of P&L accounts might be relevant to Cost accounting and in this case you need to make appropriate settings in the following node for Treasury: Treasury and Risk Management -> Transaction Manager -> General Settings -> Accounting -> Link to Other Accounting Components -> Allocate Additional Account Assignments to Account Assignment References.
    I guess in your case it is only Interest Income account relevant for Cost center, you can check it by clicking on field Reference key in standard report TPM20 and you should be referred to window with several documents, including Cost accounting document. As far as I remember, Cost accounting document might consist of just one line item.
    hope this will help you.
    Rgds,
    Renatas

  • Change GL Account Type from Balance Sheet Account to P&L Statmt Account

    Hi Experts's
    We have mistakenly defined the GL account as type Balance Sheet Account type and Some postings are done on this GL, we need to change it to P&L Statmt Account, When we do that it's throwing message FH602, as below.
    Change balance sheet control in spite of account balance
         Message no. FH602
    Diagnosis
         You have changed the G/L account from a "balance sheet account" to a
         "P&L account" or conversely.
         The balance of the account is, however, not zero.
    Procedure
         Check your entries.
         If the G/L account was already posted in the previous year, execute the
         balance carryforward again for the current fiscal year. (program
         SAPF011).
    Please let me know the procedure to do this change, or do i have to run any report.
    Thanks

    HI
    If you are mid-year please try this:
    Balance sheet having 10000 credit balace
    try to post like this  manually
    Balance sheet account dr 10000
    to Profit and loss account 10000
    now tick the Profit and loss account and reverse the entry 
    try this in test environment first
    Thanks & Regards
    Phaneendra

  • Message no FH017 Open item management only allowed for balance sheet accounts

    Dear All,
    i try to change one Balance Sheet account to P&L Account. However i failed changing the account.
    it pops up the error Message no FH017.
    For this error, i have already untick the Open Item Management
    Can anyone help me on this? Very appreciated on this!
    Cheers
    Jill

    Aslo see help on open Item managed field by pressing f1
    Indicator: Open Item Management?
    Determines that open items are managed for this account.
    Use
    Items posted to accounts managed on an open item basis are marked as open or cleared. The balance of these accounts is always equal to the balance of the open items.
    Procedure
    Set up accounts with open item management if offsetting entries are to be assigned to the postings made to these accounts. Postings to these accounts represent incomplete transactions.
    Example:
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    Set up accounts without open item management if no offsetting entry is to be made against a posting to this account.
    Examples
    Accounts that are managed on an open item basis include:
    Clearing accounts:
    Bank clearing account
    Payroll clearing account
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    GR/IR clearing account
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    Bank accounts
    Tax accounts
    Raw material accounts
    Reconciliation accountsThese are managed implicitly using the subledger open item function.Profit and loss accounts
    Materials Management (MM) accounts posted with a posting key that has account type 'M'

  • Cost center empty in general ledger view for balance sheet accounts

    Hi !
    We are implementing ECC6 with new GL functionalities. We activated differents scenarii: cost center, profit center and segment.
    Using FB03 (display document) we noticed that in the entry view, everything is fine: cost center, profit center and segment are filled successfully.
    However, in the New GL view, the cost center is not filled for balance sheet accounts.
    Any solution?
    Regards,
    Julien

    HI,
    Cost center will never be filled for the Balance Sheet account. For Balance sheet account Profit Center is required to be filled.
    Don't be afraid this is the fundamental practice across the globe. Cost centers will be filled in only Expense account.
    Exception to above rule is Asset master will recieve cost center because this will help in determining asset per department.
    Regards,
    Chintan Joshi.

  • Transfer normal balance sheet accounts to PCA

    Hi All,
    Following 4 T-codes are available for transfer of balance sheet accounts from FI to PCA
    1KEH                  EC-PCA: Transfer Material Stocks   
    1KEI                   EC-PCA: Transfer Assets            
    1KEJ                  EC-PCA: Transfer Work in Process   
    1KEK                 EC-PCA: Transfer Payables/Receivables
    How do i transfer any other balance sheet account to PCA [other than through Default Profit Center (3keh)]
    Regards,
    Shridhar.

    Hi Daniela, hi All, because this is my first posting I would like to introduce myself. I'm working with SAP since 1996, I'm certified FI and CO. I used to work as a consultant for six years and now I'm Inhouse SAP with Gerresheimer. http://www.gerresheimer.de/en/home.html
    We are supporting our people around the world and also we are putting in new SAP systems in our organisation. Currently we have three different clients world wide, with different organizational levels. We are on SAP ECC 6.0 however not using the new GL yet.
    So far so good ;-)..
    ===========
    We are currently in the US trying to switch on balance sheet accounting for PCA due to business unit requirements.
    We've got:
    - Assets
    - Material
    - AP and AR
    working! All with periodic transfer which we found more stable then online. When created the opening balances did match for AP and assets to FI and AR and material were just a little bit of, that was great.
    Now we are running into the problem with all the other balance sheet accounts and still we are reading documentation, OSS Notes and all kind of stuff, but still we have problems. The issues are:
    - Do we have to assign every account in 3KEH which is not covered by assets, ap/ar, and material? We tested it with a bank account and it is working, but the table in 3KEH only gives you the option of one PC, plus you can use derivation rule. Ok, there is a user exit but we are not sure about that...
    - Why can't we use the profit center which is populated in the balance sheet account? Every BS account has the radio button 'profit center required' for example we have an accrual account in the PC is in there, we can see it, put when we move the FI document over with 1KE8 nothing happens.
    - On the other hand we had an account and it was just working the way I described with 1KE8, the document was moved over to PCA.
    We are really a little bit confused, since assets, AP/AR and material worked so well, we seem to be blocked on the other accounts and not sure what is the best way to go.
    Any response is highly appreciated!
    With best regards and all the best,
    Thomas
    Edited by: Thomas Sablonski on Jul 23, 2008 5:43 PM
    Edited by: Thomas Sablonski on Jul 23, 2008 5:46 PM
    ======================================
    We have got it working 100% looks nice...
    basically the answer :
    '- Do we have to assign every account in 3KEH which is not covered by assets, ap/ar, and material? '
    is YES.
    Thanks and regards,
    Thomas
    Edited by: Thomas Sablonski on Jul 24, 2008 11:40 PM

  • PCA report for balance sheet accounts

    Hi,
    i have assigned Profit Center in Material.
    So the Cunsumption account hit the Profit center.
    If i see the GL document profit center assigned at line item, but i couldnot able to view the PCA report for Balance sheet account
    Can you please help.
    Thanks,
    Sudha

    Hi Wamman,
    We are in ECC 6 and New GL is not activated.
    Clssic PCA maintained PC in 3KEH.
    Assigned PC in Material Master  consumption entry   Consumption (P&L) to Inventory (B/S)
    Consumption (P&L) updated with Profit center and PCA document created
    Inventory (B/S) line updated with Profit center but PCA document was not created.
    Kindly help
    Thanks,
    sudh

  • Upload plan data for balance sheet accounts

    Hi Experts,
    Is there a way to upload plan data for balance sheet accounts? I can upload revenue/cos and expenses through the profit center and cost center uploading but need to upload balance sheet accounts as well. Any  help would be much appreciated. Thank you.

    Loading balance sheet accounts using the Excel load to profit center tells me that I selected balance sheet accounts that cannot be entered manually. Not sure what this means... if I have an accounts receivable account, how would I find another equivalent account?

  • REQUIREMENT TO STOP BALANCE SHEET ACCOUNTS FROM ACCEPTING PROJECT AT JOURNAL CREATION OR ANY FINANCIAL DOCUMENT CREATION.

    Dear Gurus,
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    Kindly advise on the way to achieve this to enable fulfill requirement and deliver excellence service.
    Kind regards,

    Hi Nagarajan,
    Thank you for your response.
    My sample is whenever an entry is raised to be posted to a balance sheet account such account should not allow user to post but only in revenue and expense account. E.g. A Stock account should not allow project assignment but a cost of sales, expenses or sales revenue accounts should only accept project assignment.
    Only P&L items should allow project assignments.
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  • Budget Control for Balance Sheet Accounts

    Hi All,
    How can we manage budgets for Balance sheet Accounts such as Fixed Assets, IT Infrastructure, Capital Work in progress etc.,
    Thanks,
    Srikanth

    Hi Mr Vemuri,
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    2005A SP01
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    Regards,
    Jesper

  • PCA-MIRO: Porfit center on balance sheet accounts

    Dear Experts,
    I face the following issue:
    During invoice verification (MIRO) the profit center which was mentioned in the Purchase Order (the profit center to be assigned on P&L account during Goods Receipt and, if applicable, during invoice verification on the P&L account in case of differences) is assigned on the GR/IR balance sheet account in despite of balance sheet accounts are not transferred to PCA.
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    I believe the solution should be in MM and line item summarization, but I cannot succeed.
    Please, could you support me?
    Many thanks in general for this forum and in advance for your help,
    King regards, Gregory.

    Hello
    Like FI field status groups, where we can manage screen field control, there  are field status groups for movement types.
    So in MM check FSG for these movement types and make them optional. It is somewhere in IMG in MM.
    Hope you would get values.
    Reg
    assign points if useful

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