Profit & Loss A/c Items

Hello,
        I am entering P&L Accounts Balances through T.code F-02 by opening "P&L suspense a/c"
        For eg; Telephone expenses = Rs 32000
       Entry= 40 Telephone expenses A/c      32000
                  50 P&L Suspense A/c                32000
Is this the correct way to enter P&L Items? Please guide
Ashwin
Moderator: Please, avoid asking basic questions

Hi,
First thing is generally only open items are uploaded. It seems you are going for golive in the mid year and want to have all relevant figure of expenses to derive balance sheet & p&l for year in SAP. A Initilal upload GL is use to upload the balances. As you tb is always tally, this account get nullified when all balances are uploaded. Please check that your account is not a account assigned in ob53.
Regards

Similar Messages

Can we take Balance sheet and profit & Loss account as per plant & Sales

Hi Team,
Can we take Balance sheet and profit & Loss account as per plant wise & sales office wise also.
Regards
JKM

hi jkm
Hi
This can solve your issue could be helpful to you.
Go to this menu path for report painter
Accounting - Financial Accounting -Special Purpose Ledger - Tools - Report Painter - Report Writer - Report Group - Display
T code GR53, GR55
Enter the report group you want for b/s and p/l statement and choose execute and give the report group again and choose execute.
After that give the year, period from to, company code, fiscal year, ledger and plan version 01 and choose execute
Choose in front of the item Production Variances. The system displays the account to which the line items were posted. Material consumption is posted to account OEM Products Consumed.
To call up detailed data, double-click on account
In the dialog box, choose Actual Line Items for Table GLFUNCT, and then choose
To display the original document, simply double-click on it to call up the detailed data. In this case, the original document is a Materials Management document.
You document is listed under the FI-SL document number that you noted in the step Display Goods Issue Document. Select the Doc. info tab and simulate .
Select one of the items relevant for material consumption by double-clicking it. This should be item 002, 004, or 006.
Choose enter go back and cost of sales appear now switch to your first session.
kind regards
Arman
sap fico

Profit loss

Hi ALL,
We created purchase order for the item in which the G/L account is managed by Item Group.
In Item Group -->>Inventory Account is one of the Asset drawer Account.(material and Consumable),then created Invoice.
but when we are generating profit/Loss Statement ,it is not showing how much expenditure we did.against particular item or group ..
why and how to get those values`.
Thanks,
Neetu

Hi Neetu
You can use Purchase Account system under Basic Initialization, but only if you have not posted any entries yet. SAP Business One uses a Perpetual Inventory system and not Periodic by default. If you need to track purchases, and don't want to reimplement, you could use 2 freight charges, one for debit and one for credit against 2 G/L accounts to replicate the Purchase Account System.
Let me know if you are interested in setting this up and i will guide you. You can also look at the following thread:
Freight Charges
Kind regards
Peter Juby

'Calculated Result' (profit/loss) is not displayed in BW query (NW04s)

The hierachy for financial statement item (0GLACCEXT) contains the folowing nodes:
-> Stocholder's Equity
> Profit/Loss current year
> Calculated profit (0COA/0BSRESULT-)
> Calculated profit
> Calculated loss
> Calculated loss (0COA/0BSRESULT+)
When I run a balance sheet query against virtual cube 0FIGL_V11, I don't get any data for nodes 'Calculated profit' & 'Calculated loss'.

Dear gurus,
I am searching to solve the same issue you Raynald reported...
Unfortunately, despite the 0BAL_DEPEND information correctly updated, this note 0COA/0BSRESULT+) does not appear.
Everything looks OK on the configuration side...Anyone has an idea what could cause the calculation not to be done ?
PY

PCA Financial Statement (Profit/Loss Account and Balance Sheet)

Hi Experts,
I have the following question on preparing PCA Financial Statement (Profit/Loss Account and Balance Sheet), ECC6.0, with document splitting features.
Let say I started my business with the following GL accounts:
Bank A, USD6,000
Bank B, USD4,000
Capital, USD10,000
My company does have 2 departments (cost centers), and the above Balance Sheet GLs, cannot be identified / separated in the cost centers level. My cost centers to profit centers is one-to-one, which are cost center A = profit center A, and cost center B = profit center B
I have Sales to customer of USD12,000, and Receipts from customer is USD7,000 at Bank B, therefore (customer balance is USD5,000).
I have also expenses:
Expense A: USD1,000 (cost center A)
Expense B: USD800 (cost center B)
Double entry for expense is Dr Expense, Credit Vendor.
I paid 50% of each of the expenses using Bank A, which are: expense A, paid: USD500; expense B, paid: USD400
My Financial statement without profit center should be as follows:
P/L Account:
Sales, USD12,000
Expenses, USD1,800
Profit: USD10200
Balance Sheet:
Bank A: USD5,100
Bank B: USD11,000
Customer: USD5,000
Vendor: USD900
Profit: USD10,200
Capital: USD10,000
Question:
How can I report the above financial statement into PCA level, which are Profit center A and Profit center B?
Note: I can't hardly separate Bank account, Sales (revenue) into Profit center level (Assuming I am only using FICO module, No SD/MM Module).
I can't use FAGL3KEH to differentiate the Bank Account.
During data entry for revenue, I can't have valid reason the revenue belongs to which profit center.
Kindly advise on is there any way (with logical reason) to make financial statement into profit center level.
THANKS IN ADVANCE.
Sbmel.

Basically You/Business need to Identify the need for Profit center wise Balancesheet is required or not? If Balance sheet at Profit center level is required then whether they have to decide whether can seggeregate every account balance to a profit center is possible or not? In other words on a cut over date you should have a Profit center wise Trail balance in place. Once it is in place rest all is possible.
What I can understand from your question is how to identify Gl balances against profit centers foor balance sheet Items. If it is not possible then you can create a corporate profit center and post all transactions to that profit center.
When comes to cash / Bank/Customer/vendor balances the system Identifies the item belongs to whihc profit center and in case cross profit cneter transactions are involved the system uses the "ZERO BALANCE CLEARING" account as an intermediate account for posting the data. By this one profit center will be Dr. and other will be in Cr as far as ZERO BALANCE ACCOUNT" is concerned and at company code level this GL balance is always ZERO.

2 selection Criteria on Profit & Loss Report (Project & Dimension)

Good day Experts,
Is it possible for Profit & Loss Report to have 2 Selection Criteria? our client wants to have Profit & Loss Report per Product (Project) & Branch (Dimension).
We tried to create an A/R & A/P Transactions with Project & Dimension defined for each line item, when we viewed the P&L Report, and select Project only as the Selection Criteria the P&L is correct, but when we included the Dimension on the Selection Criteria it only shows the Income / Turn-over Account Value & not viewing the COS / COGS Account Value.
Hope to hear from you soon. =)

First you should check in JE where project and profit center updated or not .because if account type is not Expenditure then cost center nerver effect JE entries .
And Project updated have not any issue but in Cost center it should be Expenditure Account in Chart of Account.
Thanks
Manvendra Singh Niranjan

Balancing field "Profit Center" in line item 001 not filled

When i am doing Posting with clearing(FB05) i am getting the below error message "Balancing field "Profit Center" in line item 001 not filled"
Background: When we are doing the MIRO transaction we have used a diffrent profit center than it came from the Purchase Order where we have added extra cost and included the new line items under GL tab and posted the Invoice.
Now i want to tranfer that to a diffrent Vendor and clear it. So i used FB05 transsaction. When i tired to do the transfer posting with clearing i am getting the error message "Balancing field "Profit Center" in line item 001 not filled" As we have under the document split Zero balances check box checked along with the Profit center Mandatory for field Profit Center. The system could not determine which profit center it has to use.
Thanks in advance.

Hi Kiran,
Could you tell me how you are able to resolve this issue as we are having the same issue.
Did you use the substitution rule?
Please let us know.
Thanks,
Madu

Bal field "Profit Center" in line item 001 not filled at the time of F-53

We are in ECC6
I have posted a vendor document. The entry is shown as under.
     GL                           CC     PC     Segment
Dr     Expense GL-1     RV01     RGV1     Hyderabad
Dr     Expense GL-2     RV02     RGV2     Mumbai
Cr     Vednor a/c
but when i am posting a payment document (Dr Bank GL and Cr vendor a/c) to this vendor I am getting the following error.
Balancing field "Profit Center" in line item 001 not filled.
I have check ed the configuration setting in this regard. Zero balance, mandatory fields for profit center and segement check box is enabled. And also the inheratence check box is also enabled.
Pls suggest soulution soon for the above problem.

Hi,
Try to default the profit center in FAGL3KEH for the Bank account and try posting.
In SAP, the vendors and customers cannot be assigned to any profit center. They derive the profit center from the profit center picked from the GL as in the case of the expense entry that you mentioned.
Try to assign a default profit center and check.
Regards
Hari

Posting to FI error *Balancing field "Profit Center" in line item 001*

Hi Gurus,
I have been posting my payroll results to FI accounts and CO (internal order).
I executed the following transactions:
1) PC00_M99_CIPE - Create Posting Run
following are the results of generated document and its a successful run:
17.01.2009 Posting Document
Run              0000000051
Company Code     2000
Document         0000000011
PostingCurrency SAR
Reference        XXXXX00001
Doc. Type        AB
Run Type         PP
Posting Date     31.01.2009
Document Type    G/L Account Document
Document Date    31.01.2009
Bus. Transaction HRP1
Account Number with Text                       PTyp     CO Accnt A         Debit Amount         Credit Amount
55000000   Dir Sal/wag bonus                  G/L       OrdNo 100000      6,495
13113000   "Salary, wage pybl"                G/L                                                                6,495 SAR
Posting document 0000000011                                                      6,495                      6,495 SAR
17.01.2009 Posting Document
Total of All Documents
Account Number with Text         PTyp CO Accnt A                  Debit Amount         Credit Amount Crcy
                                                                               6,495                    6,495 SAR
2) PC00_M99_PPM - Generate Posting Run for Payments
when I have run above mentioned transaction
I am getting the following error:
Messages for Document 0000000012
       Error in document: HRPAY 0000000012 SNDCLNT101
       Balancing field "Profit Center" in line item 001 not filled
I would really appreciate a valuable suggestion .
Thanks in Advance !!
KPJ

Hi KPJ,
I am also facing same problem please tell me the solution.
Please give me the reply.
Regards,
Leelaprasad.A

T-code: F-02 (Balancing field "Profit Center" in line item 001 not filled)

Dear Experts,
I am getting following error while i am doing transfer by using t-code F-02.
"Quote
Balancing field "Profit Center" in line item 001 not filled
Message no. GLT2201
Diagnosis
The field Profit Center marked as balancing is not filled with any value in line item 001, even after document splitting.
System Response
The document cannot be posted.
Procedure
First check your entries.
Additional causes could be:
u2022 No value can be derived for this field from the current document data.
u2022 You have entered a document type that is not designed for this business purpose.
Procedure for System Administration
Customizing
Unquote"
Where do you thing the mistake is and what i have to do? Please resolve my problem.
Thanks advance,
Best Regards.
Ripon Kumar Paul

Hi
Balance Sheet Accounts are required to be split in case you have document splitting activated u2026.. and in your case the profit center is made mandatory for the documents to get splitted u2026.. and the profit center would be derived from cost centeru2026u2026u2026. therefore to split the document by using document type u2013 SA through F-02 we need to do further settings, i.e., you need to configure u201CExtended Document Splitting Configurationu201D
For example: Rent expenditure is been posted which is having more than 2 Debits and consisting of different Cost Centers and posting to Rent Payable A/c which is a Balance sheet A/cu2026u2026.
Path: Financial Accounting (New) - - General Ledger Accounting (New) - - Business Transactions - - Document Splitting - - Extended Document Splitting -- Define Document Splitting Rule
Define your Business Transaction variant and for that variant define document splitting rule u2026u2026u2026.. where in you need to activate Automatically split check box for the desired categories.
Regards,
Sathish

Balancing field "Profit Center" in line item 001 not filled in VF02

Hi,
While releasing a billing document to accounting, we are getting the following error.
Balancing field "Profit Center" in line item 001 not filled.
Let me give more details about this.
We are in a retail implementation. Transaction combining cash and credit are normal in retail scenario.
Normally SAP billing document type is RV which does not allow item category 04000 which is cash.
To counter the above, we have created a document type YV with unspecified posting and assigned to SD document type BV(which is cash memo).
The billing documents with 2 line items with different profit centres, with SD document type BV when released to accounting is giving this error.
Any suggestions.

Hi all,
This transaction Iam also trying to post in FI directly.
The entry I am posting is
Dr   Cash 1000
Cr   Sales 500       PC X
Cr Sales   500       PC Y
I want the cash account to be split with PC X 500 and PC Y 500. I am getting the same error.
Can some one please guide. I have assigned cash account with item category 04000.
Thanks
Aravind

Balancing field "Profit Center" in line item 002 not filled and VF02

Dear All,
Below mentioned error we got in VF02 while releasing the billing to Accounting document.
In this case SO has created. Later with out delivery has been created Billing ( VF01) And Later Releasing through VF02 ( For only 1 specific Billing type )
But we have CRM Integration also from CRM 7.0 TO ECC 5.0 ( New GL Is there in ECC 5.0)
Here alternative solution is there i.e In OKKP T code if we deselect Profit center Button Issue will be resolved from SD side ( PC Issue )
Then problem will come to CRM with another message as ( Account-based PCA not active in year 2011 in controlling area 1001 (Notification I KM 029) Message no. CRM_ORDER_MISC 060)
Balancing field "Profit Center" in line item 002 not filled
Message no. GLT2201
Diagnosis
The field Profit Center marked as balancing is not filled with any value in line item 002, even after document splitting.
System response
The document cannot be posted.
Procedure
First check your entries.
Additional causes could be:
No value can be derived for this field from the current document data.
You have entered a document type that is not designed for this business purpose.
Please help on same.

Hi
If i am selecting that indicator in 0KE5 Problem will be resolved in CRM.
But VF02 Is getting this Balancing field "Profit Center" in line item 002 not filled problem.
With out selecting that indicator please suggest. From Last 5 years we are using this Production System.
0KE5 indicator has not selected from 2005 to 2011 also.
CRM Is is process. we have selected in QA, But problm occurs to VF01 and CRM Process.
Simply if i select 0KE5 CRM problm will resolved.
Later SD Problem will come into the pictute.
Note: In PD1 System we hav not selected for 2011 also.
Pls put more inputs.

Balancing field "Profit Center" in line item 003 not filled during AFAB

Hello all,
We have activated business function FIN_GL_REORG_1 on EHP5 in ECC 6.0 and related reporting business function. One of the advantages of activating this for Fixed Assets is now asset balances can be reported at Profit Center/Segment level in sub ledger.
During executing depreciation, we are getting the below error message
Balancing field "Profit Center" in line item 003 not filled
Message no. GLT2201
Diagnosis
The field Profit Center marked as balancing is not filled with any value in line item 003, even after document splitting.
Below configuration is done in our system -
Document splitting is active with standard variants for FA accounts.
Segment Reporting is actived under Asset Accounting IMG (under Integration with General :edger Accounting)
Activation of account assignment objects is active for cost center and specify account assignment types for account assignment objects KOSTL is configured for all transaction types (*) for APC and Depreciation postings is activated.
APC, Accumulated Dep and Dep expense account field status groups are changed to have profit center and segment as optional fields for inputs.
After all these settings, I am still getting the above error message.
Can someone please let me know if you had similar situation and how to resolve this issue.
Thanks,
Praveen

Hi
Check the below locations
Fin Accounting(New)Fin A/c Global Settings NewLedgersAssign scenarios and Customer Fields to Ledgers (Here assign Profit Centre)
Fin AccountingGL Accounting NewBusiness TransactionsDoc splittingDefine doc splitting characteristics for GL Accounting (Here Profit Centre mandatory check) Check with Activate and Deactivate
Regards
Sridhara Rao D

In J1IH - Balancing field "Profit Center" in line item 001 not filled

Dear Sir/Madam,
Am doing Additional Excise JV in J1IH, when put some amount in AED filed and save getting the error as below
"Balancing field "Profit Center" in line item 001 not filled"
If any one have come across this error while doing Additional Excise JV in J1IH please help me in resolving this issue.
Note : Below points may be helpful for you to help me,
1. Document Splitting is active,
2. Profit center made mandatory,
3. The relevant GL is assigned in item category of classify GL step in Document Splitting process.
4. Substitution is only for FI documents.
Regards - Manjunath AR

Hi
One way is to maintain a default profit center for the transaction in FAGL3KEH. Else depending on your plant structure, you may write a susbstitution rule as
T Code = J1IH and Plant =X and G/L = 123221
Profit Center =200001
Regards
Sanil Bhandari

MIRO Error - Balancing field "Profit Center" in line item 001 not filled

Dear Experts,
Recently we upgraded to ECC 6.0 from 4.6C. We implemented new GL functionality.
We have also introduced new Profit Centers and have updated the same in Material Master.
Now, the new Profit Centers are valid from 01.04.2009 till 31.12.9999.
Now my problem is while doing MIRO after 31.03.2009 for old PO's i.e. the PO's which were created before 01.04.2009 the system gives me error "Balancing field "Profit Center" in line item 001 not filled".
This is because for the particular line item it picks the profit center from material master, but the validity of that (NEW) profit center is from 01.04.2009 whereas I want to do the posting in back date i.e. for eg. 28.03.2009. Due to which it does not get any profit center.
How do I resolve this problem. Is there any exit or BADI to do the same.
Regards...

Hi
There could be multiple reasons for this. Pls check on:
1. For the Expense Account assigned in DIF, have u made the assignment for deriving Profit Center & Business Area in T Code OKB9
2. Ask your FI Consultant to check the Splitting Characteristics for the MIGO. Check the Splitting Characteristics assigned to the Accounting Document Type assigned to T Code MIGO. Also check if all the GL Accounts have been assigned a splitting characteritics. The path is:
IMG> Financial Accounting(New)>General Ledger Accounting (New)>Business Transactions>Document Splitting
3. Do you maintain profit center as a default in material Master? If yes, check if the same has been assigned in the view extended for the plant concerned?
Pls check the settings. If any doubt, revert back.
Thanks & Best Regards,
rahul.

Profit & Loss A/c Items

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