cost element creation for balance sheet account

[Former Member]

Hi,,

I want to create a cost element for balance sheet g/l account.I hope, we can create a cost element for balance sheet item as a statistical element under 90 category. But for that some where we have do some configuration.Pl let me know that how to do it....

Thanks,

Radhika.

[iklovski · Accepted solution]

Hi,

You do it via OAK7 transaction. Keep in mind that it's relevant only for assets/stocks reconcilliation accounts. Gor other balance sheets, there is no possiblity (nor business justification) for managing cost elements.

Regards,

Eli

[Former Member · Accepted solution]

Hello Eli,

I want to know if i create new asset recon a/c the how we can add this in to create cost element .

suggest

[Former Member]

Hi Chelli,

If balance sheet account is not a asset recon account, you cannot create a statistical cost element for balance sheet account Cost element category 90.

I hope I clarified your doubt. and give me some time to explore.

Regards,

Kittu.

[Former Member]

Hi

What is the requirement to create cost element for b/s item. Please have your requirement clear. Why u need cost element for b/s item.

Yes you can create as 90-statistical cost element for b/s. As it is statistical you can use this for assessment/alocation, just for reporting you can do so.

Regards

Dinabandhu

[Former Member]

Hi Dinabandhu,

Pleae correct your statement in your first reply to this thread(should be cant be used for allocations and assesments). Regards..AJ

[Former Member]

thanks

yes...statistical posting cannot handle allocation/assessment or distribution

thanx

dinabandhu

[Former Member]

Hi Radhi,

Balance sheet accounts cannot be created as cost elements in cost accounting, except for:---

a)Asset reconciliation accounts

b)Material stock accounts for valuated sales order stock for sales orders or projects.

Let me if you find better solution.

Regards,

Kittu