Budgeting for Cost Center

[Former Member]

Hi

Can you tell me, What is the procedure to be followed, if I want to block the entries for the cost center if total actual amount exceed the Budgeted Figures

Regards

Ash

[Former Member]

Hi Ash,

We had similar requirement from one of the client.

You cant but any control on cost center budgeting. You can just define this and check this at regular intervals. But if you would like to have an alternative then you can go ahead creating Internal orders for some major expenses on which you would like to have control. You can have statistical IO's for this purpose.

But there are certain disadvantges for the above alternative,

First, the client has to go ahead putting both cost center and IO's in the FI entries when passed.

Second, You can't have too much of IO's only for this purpose.

Any ways this is what i can help.

Regards,

Mallikarjun

[Former Member]

Hi Good Morning,

Cost Center wise budgets can be prepared through T code. KPZ2. Before that u need to create Budget Profile in customizing

Hope this will solve your purpose.

Award points suitably

Regards

[Former Member]

Hi

Budget for cost centers to my knowledge is not possible with <b>active control</b>.

Active control means instantaneous stopping kind of thing whenever the budget is exceeding. But Passive control is available thorough Planning (KP06).

Correct me If I am wrong.

Brahma