4 weeks ago - last edited 4 weeks ago
My company is using ERP 6.0. Related to GL accounts for the income statement (aka profit and loss statement), almost all GL accounts have a matching cost element.
My question is what is the normal and expected use case for a P&L GL account to not have a cost element?
adding more context, I am referring to primary cost elements, with one of 3 cost element categories
1 = primary costs/cost-reducing revenues
11 = Revenues
12 = Sales deduction
Hello @mwfrizzell in general all p/l GL's are created as cost element but expenses/revenue of non-operating (not related to core business of company) nature can be excluded as cost element like sale of asset, some interest on FD (In S4 while creating GL there is option of non -operating type as well if select this no need to create that GL as cost element).
Apart from that WIP P/L GL, COGS (in costing based COPA) are also not created as cost elements. Please refer below thread apart from WIP P/L GL others are optional can or cannot be created as cost element.
Regards,
Sumesh Gupta
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