Revenue posting in Cost centers

[surs_mittal]

In cost center master, there is an option to allow the revenue postings in cost center. I dont understand the significance of this. Should this feature be used or not? Also what is the difference between statistical posting and real posting?

[Former Member · Accepted solution]

Hi!

The tick for Actual Revenues and Plan revenues (Control tab of CC Master) have been given as you can post your revenues on that cost center statistically not on real time basis. The entry for revenue to any cost center will not hit in the books of accounts, you can analyse only for statistical (reporting) purpose.

Statistical Posting allows you only to see through reports. Also Statitical items can not be settled.

While Real time posting hits your books of account as well as reporting also. Also you can settle your real time items. (i.e. You can settle your Production Order or Internal Order which have made as per as Real postings.)

Hope it will clear. Pls get back for further query.

Thanks & Regards,

Taral Patel

[Former Member]

Hi

Cost center cannot carry revenue in true , meaning it is of statistical nature you can use them for report and analysis ie budget and financial planning. You can use them for controlling.

Real posting and statistical, statistical posting is just for reporting. no further settlement or assement etc

Regards

Dinabandhu

[Former Member]

The profit center differs from a cost center in that cost centers merely represent costs arise, whereas the person in charge of the profit center is responsible for its balance of costs and revenues, so inorder to post the revenues into profit center a cost center should be allowed to carry Revenues as data cant be directly posted to profir center

The assignment of this CO object (cost center, order, and so on) to a profit center ensures that the data is passed on to Profit Center Accounting. The profit center cannot, however, be entered directly when the FI posting is made.

Profit Center Accounting (PROFIT CENTER ACCOUNTING) is a statistical accounting component. This means that it takes transaction data posted in other components and represents it from a profit center oriented point of view. The postings in PROFIT CENTER ACCOUNTING are statistical postings, since the profit center is not itself an account assignment object in Controlling