Assigning Profit/Cost Center to GL Account
We are trying to use Profit Centers (Cost Accounting) to track direct and indirect costs and create profit/loss for specific departments.
I would like to create different GL accounts for the Revenues and Cost of Goods to post to. We would like to select the Profit Center at the Sales order level (per Line Item) and have it flow though both the cost and revenue sides of Target documents (Invoice, Purchase order...) and into the GL.
When I created a new profit center it automatically assigned it to the main Sales Revenue account. How would I change this so it posts to ex: 41500000-01-001-01 - Sales Revenues - Department One ?
You can assign Distribution Rule for Revenue and Expenditure accounts. You can also assign Distribution rule in sales Order by enabling the Particular dimension in your Form Settings.