SAP Profit center accounting provides the information of an organization’s profit and loss. The method which can be utilized for profit center accounting is period accounting. Profit centers can be set-up to identify product lines, divisions, geographical regions, offices, production sites or by functions. Profit centers are used for internal control purposes enabling management the ability to review areas of responsibility within their organization. The difference between a cost center and profit center is that the cost center represents individual costs incurred during a given period.
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
A business requirement may arise making it necessary for you to move Fixed assets from one
company code to another (intercompany assets transfer for Eg: From company code XXX to YYY)
or from one organization unit to another, within the same company code (intracompany transfer).
The end to end process of fixed asset transfers involves configuration settings as well as user
frontend activities.
This posts will discuss the process of intercompany asset transfer end to end. It is assumed that the
reader has, at the very least, a basic knowledge of Asset Accounting. The complete cycle of
intercompany fixed asset transfer will include the below steps:
I. Prerequisites/ Configuration steps: (Asset accounting configuration should be
available in the system, apart from below configurations are required)
1. Creation of GL Accounts
2. Define Transfer Variants
3. Assign G/L Accounts Determination
4. Activate Inter-company postings for Asset document type (AA)
II. Intercompany Asset Transfer Steps (End User):
1. Executing an intercompany asset transfer transaction
2. Display document
3. Cross company code document display
4. Asset explorer
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
A business requirement may arise making it necessary for you to move Fixed assets from one
company code to another (intercompany assets transfer for Eg: From company code XXX to YYY)
or from one organization unit to another, within the same company code (intracompany transfer).
The end to end process of fixed asset transfers involves configuration settings as well as user
frontend activities.
This posts will discuss the process of intercompany asset transfer end to end. It is assumed that the
reader has, at the very least, a basic knowledge of Asset Accounting. The complete cycle of
intercompany fixed asset transfer will include the below steps:
I. Prerequisites/ Configuration steps: (Asset accounting configuration should be
available in the system, apart from below configurations are required)
1. Creation of GL Accounts
2. Define Transfer Variants
3. Assign G/L Accounts Determination
4. Activate Inter-company postings for Asset document type (AA)
II. Intercompany Asset Transfer Steps (End User):
1. Executing an intercompany asset transfer transaction
2. Display document
3. Cross company code document display
4. Asset explorer
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
SAP Asset accounting book Sample PDF by LearnSAPLearnSAP LLC
http://www.learnsap.com/sap-study-material.php
SAP Asset accounting step by step study sample material - visit our website http://www.learnsap.com/sap-study-material.php for complete access of printed hardcopy.
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When good receipt (GR) and invoice receipt (IR) is performed, an accounting document gets generated. Movement of material leads to the automatic generation of accounting document and this is referred as MM FI integration.
Sap co budgeting & avalability controlCapgemini
The budget process for internal orders have the advantage of availability control. This is where the system can be set to check if there is budget available for the internal order before allowing the posting of costs.
Sap co budgeting & avalability controlCapgemini
The budget process for internal orders has the advantage of availability control. This is where the system can be set to check if there is budget available for the internal order before allowing the posting of costs.
Advanced Flow Concepts Every Developer Should KnowPeter Caitens
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Modern design is crucial in today's digital environment, and this is especially true for SharePoint intranets. The design of these digital hubs is critical to user engagement and productivity enhancement. They are the cornerstone of internal collaboration and interaction within enterprises.
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In fact, according to a report by Statista, the number of React Native developers has been steadily increasing over the years, reaching an estimated 1.9 million by the end of 2024. This means that the demand for this framework in the job market has been growing making it a valuable skill.
But what makes React Native so popular for mobile application development? It offers excellent cross-platform capabilities among other benefits. This way, with React Native, developers can write code once and run it on both iOS and Android devices thus saving time and resources leading to shorter development cycles hence faster time-to-market for your app.
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CyanicLab, an offshore custom software development company based in Sweden,India, Finland, is your go-to partner for startup development and innovative web design solutions. Our expert team specializes in crafting cutting-edge software tailored to meet the unique needs of startups and established enterprises alike. From conceptualization to execution, we offer comprehensive services including web and mobile app development, UI/UX design, and ongoing software maintenance. Ready to elevate your business? Contact CyanicLab today and let us propel your vision to success with our top-notch IT solutions.
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Custom Software Development: Prosigns specializes in creating bespoke software solutions that cater to your unique business needs. Our team of experts works closely with you to understand your requirements and deliver tailor-made software that enhances efficiency and drives growth.
Web and Mobile App Development: From responsive websites to intuitive mobile applications, Prosigns develops cutting-edge solutions that engage users and deliver seamless experiences across devices.
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Blockchain Integration: Prosigns offers comprehensive blockchain solutions, including development, integration, and consulting services, enabling businesses to leverage blockchain technology for enhanced security, transparency, and efficiency.
DevOps Services: Prosigns' DevOps services streamline development and operations processes, ensuring faster and more reliable software delivery through automation and continuous integration.
Microsoft Dynamics 365 Support: Prosigns provides comprehensive support and maintenance services for Microsoft Dynamics 365, ensuring your system is always up-to-date, secure, and running smoothly.
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Providing Globus Services to Users of JASMIN for Environmental Data Analysis
Sap co profit center accounting
1. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
SANDESH KAKDE
EMAIL:sandeshkakde@live.com
SAP CUSTOMIZING TABLE OF CONTENTS:
SR. SUB. OBJECTS TCODE EXAMPLE
1 INTRODUCTION & SCENARIO
2 CONFIGRATION
3 SET CONTROLLING AREA OKKS “SRK”
4 MAINATIN CONTROLLING AREA SETTING 0KE5 “SRK”
5 CREATE DUMMY PROFIT CENTER KE59 “DUMMY”
6 SET CONTROL PARAMETERS FOR ACTUAL
DATA
1KEF 2018 IN “SRK”
7 MAINTAIN PLAN VERSION OKEQ “0”
8 DEFINE NUMBER RANGE FOR LOCAL
DOCUMENT
GB02 01 & 02
9 CREATE PROFIT CENTER KE51 “AUOTOCAR” &
“TYRECAR”
10 CREATE ACCOUNT GROUP KDH1 “PLITEMS” &
“BSITEMS”
11 DIFFERENT WAYS TO DERIVE PROFIT
CENTER
12 1 ASSIGN PROFIT CENTER TO COST CENTER KS02
2 TEST F-02
13 1 PROFIT CENTER DERIVED FROM COST
ELEMENT
2 CREATE COST ELEMENT FS02 “300000”
3 MAINATAIN AUTOMATIC ACCCOUNT
ASSIGNMENT (BA)
OKB9 SRKB WITH TYRECAR
SRKH WITH AUTOCAR
4 TEST F-02
14 1 PROFIT CENTER DERIVED FROM
AUTOMATIC ASSIGNMENT TO
BALANCESHEET GL
“100000 TO 299999”
WITH “AUTOCAR”
2 TEST
15 1 PLANNING PROFIT CENTER WISE FOR P&L
ITEMS
7KE1 PLANNED FOR
“AUTOCAR”
16 1 PLANNING PROFIT CENTER WISE FOR
BALANCSHEET ITEMS
7KE3 PLANNED FOR
“AUTOCAR”
2 TEST F-02 P&L ITME DOC.
3 TEST F-02 BS ITEM DOC.
17 1 VIEW VARIANCE REPORT FOR P&L ITEMS S_ALR_87013326 REPORT
18 1 VIEW VARIANCE REPORT FOR BS ITEMS S_ALR_87013336 REPORT
2. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
INTRODUCTION
PROFIT CENTER ACCOUNTING:
This is used to view profitability division wise /product wise /location wise if business
area is not use in FI
Ideal scenario
Company FI
|
Company code FI
|
Business area FI
(Location)
|
-------------------------------------------------------------------------------------
| | | |
Steel Cement Pharma Co-profit center
Division Division Division Accounting
| |
Product wise Co profitability
Analysis
Option 1 Option 2
Hyderabad location HYD BGL MOM
| | | |
Steel Cement Pharma Steel Cement Pharma
Profitability Profitability Balance sheet
The advantage of profit center accounting is it derives profit center automatically though
derivation rules.
A) In case of expenditure - Through cost centres
B) In case revenues - Automatic account assignment
C) In case of balance Sheet (Applicable for option 2) - Through business area
Examples:
a) At the time of creation of cost center assign profit center
Dept A-Assign profit center steel
b) At the time of posting
Wages a/c Dr 500000 Dept A (Cost center)
To Bank 500000
It updates cost center Dept A as well as profit center steel.
We must create dunning profit center. At the time of posting, when there is no
3. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
derivation rules, system updates dummy profit center. Transfer from dummy profit center
to respective center. Create derivation rule so that future transactions will not go to
dummy profit center. They will go to respective profit centres.
CONFIGURATION
STEP 1: SET CONTROLLING AREA:
OKKS:
MAINATIN DEFAULT CONTROLLIN AREA.
IN CURRENT SCENARIO IT IS “SRK”
STEP 2: MAINTAIN CONTROLLING AREA SETTING:
0KE5:
We have already did profit center accounting in Quick SAP-FI configuration book. Still we
can maintain the controlling area setting for profit center accounting as shown above.
4. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
STEP 3: DUMMY PROFIT CENTER:
KE59:
We need to create dummy profit center. This is requiring when we do not maintain profit
center while posting. That this profit center will be use.
5. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
STEP 4: SET CONTROL PARAMETERS FOR ACTUAL DATA:
1KEF:
This is the setting for start our profit center accounting. i.e. from year.
STEP 5: MAINTAIN PLAN VERSION
OKEQ:
Select the “0” plan version and click on setting for profit center accounting.
Below screen will appear.
In above screen, we will maintain the year, online transfer & line items setting. We can also
set exchange rate type for profit center document.
6. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
STEP 6: DEFINE NUMBER RANGE FOR LOCAL DOCUMENTS:
GB02:
We must maintain number range for profit center document.
a) Actual document
b) Planned docuement
Click on change group
Select the “actual document from direct posting with GB01”
Double click on the same. System will ask for Co. code.
7. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
No. field might be suppressed, but you can still go on and maintain year and from no. to
Number range. It will automatically come. Save.
Click back button.
Select “Planned doc. From direct posting with GB01”
Double click on the same.
Put company code.
8. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
Maintain number range for planned document. SAVE.
STEP 7: CREATE PROFIT CENTER:
KE51:
In current scenario I have created two cost centers.
A) Autocar
B) Tyrecar
9. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
STEP 8: CREATE ACCOUNT GROUP:
KDH1:
10. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
SAVE
11. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
SAVE
12. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
There are various ways to derive the profit center while posting.
Option 1: Profit center derived from cost center
Option 2: Profit center derived through cost element (Automatic Assignment)
Option 2: Profit center derived through default profit center to GL a/c’s
We will discuss them one by one.
OPTION 1: - PROFIT CENTER DERIVED FROM COST CENTER
STEP 8: ASSIGN PROFIT CENTER TO COST CENTER
KS02:
13. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
Here we have assigned profit center to cost center. Now whenever we will select this cost
center at the time of posting assigned profit center will be used as default profit center in
document.
TEST:
F-02: Post FI document with cost center “ Production”
We can see above the profit center assigned to that cost center is picked up by the system.
14. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
OPTION 2-: PROFIT CENTER DERIVED THROUGH COSTELEMT AUTOMATIC
ASSIGNEMENT.
STEP 9: CREATE COST ELEMENT FOR SALES A/C (CONVERT IT REENUE A/C)
FS02:
STEP 10: MAINTAIN AUTOMATIC ACCOUNT ASSIGNMENT OF REVENUE
ELEMENTS:
MAINTAIN COSTELEMT “300000” AND “2 – BUSINESS AREA MANDETORY OPTION”
THEN CLICK ON DETAIL PER BUINESS AREA/VALUATION AREA.
15. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
IN CUREENT SCENARIO I HAVE MANITAINED PROFIT CENTER “TYRECAR” WITH
BUSINESS AREA “SRKB” AS A DEFUALT PROFIT CENTER AND PROFIT CENTER
“AUTOCAR” WITH BUSINESS AREA “SRKH”.
NOW WHNENVER DOCUMENT WILL BE POSTED TO COST ELEMENT “300000” WITH
ANY OF THE ABOVE BUINESS AREA, THEIR RESPECTIVE PROFIT CENTER WILL BE
USED AT THE TIME OF POSTING.
TEST
F-02
WE CAN SEE ABOVE THE “AUTOCAR” PROFIT CENTER IS USED SINCE WE HAVE
ASSIGNED THIS PROFIT CENTER IN COST ELEMENT. MOST OF THE ORGANISATION
USED THIS TECHNICQUE TO USE THEIR REQUIRED PROFIT CENTER.
16. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
OPTION 3: PROFIT CENTER DERIVED FROM AUTOMATIC ASSIGNMENT
(BALANCE SHEET GL ACCOUNT)
STEP 11: ASSIGN DEFAULT PROFIT CENTER TO ACCOUNTS:
We can maintain GL document number range and assigned default profit center in above
setting.
In current scenario, I have maintained balance sheet GL account number range. i.e. From
“100000” to “299999” with “Autocar” as default profit center.
Now whenever I will post document in company code “SRK” to any GL between this range,
profit center “Autocar” will be picked up automatically.
TEST: F-02
We can see above, 2 line items has two different profit center. Because we have maintain cost
center as “PRODUCTION” and “Tyrecar” profit center was maintained in that cot center.
Profit center “Autocar” is picked up by the system because of above setting, since GL-
200105 is falling in the give no. range.
Till here we are done with discussion of deriving profit center in document. We can maintain
it manually as well while posting a document.
17. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
We can plan the amount per profit center.
1) PLANNING PROFIT CENTER WISE FOR P&L ITEMS:
7ke1
In below transaction, we can plan the cost/revenues profit center wise.
In current scenario, I have planned for 6th
period for “AUTOCAR” profit center.
Maintain the amount without any symbol or logo in profit center report currency field.
Such value I have maintained for two profit & loss accounts.
1) Sales A/c- Rs. 500000
2) Salaries A/c-Rs.400000
18. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
Then click on SAVE.
Same way we will maintain values for Balance sheet GL accounts.
19. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
PLANING PROFIT CENTER WISE FOR BALANCSHEET ITEMS:
7KE3:
20. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
F-02:
21. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
F-02
VIEW VARIANCE REPORT PROFIT CENTERWISE FOR P&L ITEMS:
S_ALR_87013326:
22. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
OUTPUT:
VIEW VARIANCE REPORT PROFIT CENTERWISE FOR BALANCESHEET ITEMS
S_ALR_87013336
23. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
OUTPUT:
24. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
Transfer of values from one profit center to another profit center
One cost center works for number of profit centers we can assign only one profit center is
cost center.
In dept A Profit center steel - From profit center steel transfer to cement
Manual transfer through cycles
*No.FI document will be generated
*No.CO document will be generated
*Only profit center document will be generated.
SCENARIO:
COST CENTER – “ADMINIST”
TRANSFER 5000 INR FROM PROFIT CENTER “AUTOCAR” TO “TYRCAR”
TEST:
TCODE: 9KE0
Maintain the layout “8A-001”
Maintain Company Code “SRK”
25. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
To meet the current scenario, I have debited the profit center “TYRECAR” na credited “AUTOCAR”
Note: do not maintain any symbol or logo or special characteristics. Just maintained “-“ since we had
to credit from one profit center.
Click on SAVE
26. SAP – CO CUSTOMIZING GUIDE 6 PROFIT CENTER ACCOUNTING
To view profit center document:
9KE9:
END PROFIT CENTER ACCOUNTING