Cost center accounting configuration in sap

  • How do you set up a cost center in SAP?

    To create a cost center:

    1. Choose Setup in the toolbar at the top of the page
    2. On the Master Data tab, in the Organizational and Accounting Information section, click Cost Centers
    3. On the Cost Center page, choose the New button
    4. On the Creating: Cost Center page, enter the required information

  • What is cost center group configuration in SAP?

    Create Cost Center Group: -

    Step-1: Go to transaction KAH1.(OR)Step-2: It navigates to the below screen to specify the controlling area. Step-3: It goes to Create cost element group: Initial Screen screen. Step-4: Now Create cost element group: Structure screen will get open..

  • What is the configuration of cost center?

    Cost centers can be configured as a hierarchy to allow for cost allocation or the splitting of costs within cost centers.
    The cost center hierarchy is a source and target relationship (similar to a parent-child relationship where the source is the parent and the target is the child) between cost centers..

  • Link G/L accounts to cost centres

    1. Go to Financial \x26gt; Analysis & Results \x26gt; Cost centres \x26gt; Overview
    2. Click the Code of the cost centre that you want to link a G/L account
    3. Click Add: G/L Account to link a G/L account to the cost centre
SAP Cost Center Accounting Configuration (CO-OM-CCA)
  • Configure the Cost Center Accounting subcomponent (CO-OM-CCA)
  • Begin with the master data: cost centers, cost center groups, statistical key figures, activity types, and more.
  • Set up planning, actual postings, period-end close, and reporting.
Sep 19, 2007Hi,. For configuring the new cost centre follow the below steps;. 1.Create Standard Hierarchy for Cost Centers in T.Code: OKKP,Select your  What are the steps for creating a cost center - SAP AnswersActivating cost center | SAP Community - SAP Answerscreation of cost center | SAP CommunityCost center & Profit Center set up | SAP Community - SAP AnswersMore results from answers.sap.com
SAP Cost Center Accounting is a key component of the SAP Financial Accounting (SAP FI) application, allowing customers to track and manage costs at the organizational, functional, and project levels. As a result, organizations can manage and report on their financial performance structured by cost centers.

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