Ks01 Create Cost Center
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  • 1. COST CENTER ACCOUNTING COST CENTER ACCOUNTING END USER TRAINING DOCUMENTS KS01 - Functionality A cost centers is an organizational unit within a controlling area that represents a specific location where costs are incurred and monitored against a budget. It is normally a department of the organization. A cost center always has a responsible person. Cost center helps an organization to monitor cost where they are incurred. This makes every department which created as cost center accountable for costs. A cost center is assigned to the standard hierarchy of the controlling area. Scenario This Transaction code is used to create a new cost center. Requirements Standard hierarchy must exist. Menu Path Accounting  Controlling  Cost Center Accounting  Master Data  Cost Center  Individual Processing  KS01 - Create Transaction Code KS01 1. Double Click on KS01 - Create Page 1 of 5
  • 2. COST CENTER ACCOUNTING COST CENTER ACCOUNTING END USER TRAINING DOCUMENTS 2. Update the following fields: Field Name Field Description Values Cost center Organizational unit within a controlling area that 9102001 represents a defined location of cost incurrence. 3. Click Page 2 of 5
  • 3. COST CENTER ACCOUNTING COST CENTER ACCOUNTING END USER TRAINING DOCUMENTS 4. Update the following fields: Field Name Field Description Values Name The cost center name is used for online displays and Maintenance cca evaluations that do not have enough space for the cost center description. Description Brief text description of the cost center. The cost Maintenance cost center center description is used for online displays and evaluations that have sufficient space. Person responsible Description of the Person responsible for managing Joseph the cost center. 5. Click Cost center category Button . Page 3 of 5
  • 4. COST CENTER ACCOUNTING COST CENTER ACCOUNTING END USER TRAINING DOCUMENTS Restrict value range (1) 9 Entries found 6. Select 7. Click Enter . Note: Activity types are also assigned to categories. If required, this functionality allows limitation of cost centers to certain categories only. Page 4 of 5
  • 5. COST CENTER ACCOUNTING COST CENTER ACCOUNTING END USER TRAINING DOCUMENTS 8. Update the following fields: Field Name Field Description Values Hierarchy area Tree structure for organizing the business processes 9102 belonging to a controlling area from the Controlling (CO) standpoint. Company code The smallest organizational unit for which a complete 9100 self-contained set of accounts can be drawn up for purposes of external reporting. Profit center Organizational unit in Accounting that reflects a 9999 management-oriented structure of the organization for the purpose of internal control. 9. Click Enter to validate the entry. 10. Click Save Page 5 of 5