Cost accounting is a product that supports a company's controller in his extensive cost analyses. Cost accounting is an encapsulated module. The P&L accounts are automatically transferred to cost accounting. Furthermore, additional postings can be created independently of the postings from Financial Accounting and further processed via allocations.
Since Financial Accounting is the data supplier for the costs of the same expenses, it is a good idea in many cases to use the G/L accounts as the starting point for the cost element plan. Using a transfer function, the G/L accounts can be transferred to the cost element plan. During automatic creation, the cost elements are directly linked to the G/L accounts. In the case of manual creation, the assignment lies with the corresponding user. Only one cost element can be assigned to a G/L account. Several G/L accounts can be assigned to a cost element. A G/L account does not have to be assigned for a cost element.
The cost centers do not have to be transferred to cost accounting. These are defined in the financial dimensions and are generally valid for the entire ERP system.
Cost units do not have to be transferred to cost accounting. These are defined in the financial dimensions and are generally valid for the entire ERP system.
Cost accounting includes the following functionalities:
