How to maintain cost center standard hierarchy

The cost center standard hierarchy should represent your company’s structure and be what you use most often in your reporting. This is because the standard hierarchy, which is guaranteed to contain all of the cost centers in a controlling area, is easily maintainable You can maintain cost center standard hierarchy with transaction OKEON or via following SAP menu […]




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How to Assign Cost center to asset for different time

The cost center assignment is made in the TIME DEPENDENT tab of the asset master data and can be set for specific validity period. The validity period is important because an asset can belong to one cost center for specific time period and then belong another cost center in different time period. And SAP System […]




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How to define fields in Customer or Vendor as sensitive fields

Several fields in vendor and customer master such as bank account details, tax identification number need to be monitored to ensure that any changes made of them have been approved. If these fields are freely modifiable without the necessary approval and this is could be lead to issues of fraud or payments error. If you […]




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How to create cost elements automatically

You need to create cost elements after you have created a general ledger profit and loss account, if your company creates cost elements manually, you may forget to create cost element therefore it’s easier to set up the process automatically. You need to set up the range of cost elements number before you create cost […]




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How to easily Maintaining SAP General Ledger Accounts

Creating and maintaining a general ledger account is usually done by FS00 SAP Transaction, this method is fine if you creating or maintaining a single account, however if you want to quick access to multiple account during maintenance is to use hierarchy display functionality. You can access Hierarchy Display setting by FS00 SAP Transaction and […]




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How to delete Financial Accounting Transactional Data in SAP

In case after you have migrated account balances to SAP General Ledger, you may have the balances are incorrect and you need to delete some transactions data. You can delete the transactional data from specific ledger for particular fiscal year using transaction code FAGL_DEL.  You must restrict the selection criteria as much as possible so […]




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How to delete Financial Accounting Master Data in SAP

Normally you may have financial master data in your test or production SAP System, and you have to delete those dummy financial master data, there are two ways to delete financial master data, first you can mark flag status for deletion. However those financial master data could be confusion to the user, so you must […]




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How to use Target cost Analysis

In SAP System you can analyze cost center with standard actual/plan cost center report S_ALR_87013611 this report provides sufficient information. but you can make advanced functionality to analyze cost center balance such as target cost and variance analysis. Target cost allows for a more detailed analysis of cost center balance, because an increase in actual […]




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How to copy cost center plan via KP97/KP98

In SAP System you can copy cost center plan to current year plan to next year and make the necessary adjustment, You can copy cost center data using transaction code KP97. Select Template Cost Center to copy from cost center,  if you would like to copy from one cost center to multiple cost center, select […]




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Plan Cost Splitting in SAP

During plan cost splitting, the system splits the activity independent cost of a cost center among the activities types of that cost center. Plan costs are split automatically during plan price calculation. Here the step to split planning cost, you can plan activity independent and activity independent costs with transaction KP06 or the following SAP […]




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