Defining a cost center for COGS account
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This page allows you to define a cost center for a Cost of Goods Sold (COGS) account. Tell me more.
Select the “Maintain Sale Definition” link under “Cost Center Rule Definition” business component.
The “Maintain Sale Cost Center Rule Definition” page appears.
Enter the following field:
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Company Code |
Use the drop-down list box to select the code identifying the company over which the business unit has been defined. Mandatory. If the business unit spans across companies, then all the company codes that are mapped to the business unit to which the login organization unit belongs, will be available for selection in ascending order, along with blank. The system displays blank by default on launch of the page. |
Enter the following fields in the “Cost Center Definition Details” multiline:
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Finance Book |
Use the drop-down list box to select the code identifying the finance book that has been mapped to the company – business unit combination. All the finance books that has been mapped to the selected company – business unit combination will be available for selection in ascending order along with “All”. The system displays “All” by default on launch of the page. |
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COGS Account |
The code identifying the cost of goods sold account (Alphanumeric, 32). The account code entered here must have been defined as a COGS account in the “Account Rule Definition” business component. |
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Press the <Enter> key. |
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The system retrieves and displays the COGS account description in the “Account Desc.” field. |
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Help facility available |
Note: This field should not be left blank if the “Cost Center” and the “Effective From Date” fields are not left blank.
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Cost Center |
The code identifying the cost center that has to be mapped to the company code + finance book + COGS account combination (Alphanumeric, 10). The code entered here should have been defined in the “Cost Setup” business component mapped to the business unit of the login organization unit. |
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Press the <Enter> key. |
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The system retrieves and displays the cost center description in the “Cost Center Desc.” field. |
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Help facility available |
Note: This field should not be left blank if “No” has been selected in the “Additional Parameters” field and should be necessarily left blank if “Yes” has been selected in the “Additional Parameters” field.
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Effective From |
The date from which the cost center derived for the company code + finance book + COGS account combination is valid (Date Format). |
Note: This field should not be left blank if “No” has been selected in the “Additional Parameters” field and should be necessarily left blank if “Yes” has been selected in the “Additional Parameters” field.
The date entered in this field should be greater than or equal to the “Effective From Date” and should be less than or equal to the “Expiry Date” of the COGS account, that has been defined in the “Account Rule Definition” business component.
Also, the date entered in this field should also be greater than or equal to the “Effective From Date” and should be less than or equal to the “Expiry Date” of the cost center, that has been defined in the “Cost Setup” business component.
The date entered here is also checked against the “Effective From Date” and the “Expiry Date” of the cost element that has been mapped to the COGS Account and the company code.
The system displays the following:
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Valid Upto Date |
The date till which the cost center definition is valid. |
Note: For the same company code + finance book + COGS account combination, if two different cost center mapping are done, then system updates the “Valid Upto Date” of the first definition to one day less than the new definition’s “Effective From Date”.
This field will get updated only on creation of another definition for the same combination of company code + FB + COGS Account
Enter the following field in the “Cost Center Definition Details” multiline:
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Additional Parameters |
Use the drop-down list box to specify whether additional parameters have to be specified for the cost center derived for the company code + finance book + COGS account combination. You can select from “Yes” or “No”. The system displays “No” by default on launch of the page. |
The system displays the following:
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Account Desc. |
A brief description of the COGS account defined. The system retrieves and displays the account description from the “Account Rule Definition” business component. |
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Cost Center Desc. |
A brief description of the cost center that has been mapped to the COGS account. The system retrieves and displays the account description from the “Cost Setup” business component. |
Check the box in the select column of the multiline to mark a definition for specifying additional parameters.
Click the “Save Details” pushbutton to save the cost center definition.
Cost center definition
If the sale cost center rule is defined without additional parameters, then the system saves the details and updates the login ID of the currently logged in user and the system date along.
If the sale cost center is defined with additional parameters, then the system saves the input data for further processing.
To proceed, carry out the following
Select the “Maintain Sale Cost Center Rule Definition” link from the bottom of the page to specify additional parameters for the cost center definition for COGS Account
Select the “Maintain TCD Cost Center Rule Definition” link from the bottom of the page to define a cost center rule for a sale TCD Account
Select the “View Sale Center Rule Definition” link from the bottom of the page to view the cost center rule definitions for COGS Account.
Defining a cost center for COGS account – An overview
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In this page, you can specify the mandatory parameters for the cost center mapping like the:
Code identifying the company involved in the mapping
Finance book to which the sales transactions are posted
Code identifying the COGS account to which the cost center rule is defined (to be specified only when additional parameters is specified as No)
Effective date from which this sale cost center definition is valid (to be specified only when additional parameters is specified as No)
This page also allows you to specify one or all finance books that are mapped to the company for the sale cost center definition. But, if all finance books are used for the cost center definition (for a COGS account) then individual finance books cannot be mapped to another cost center (for the same COGS account) till the previous definition is closed.
You can also specify whether additional parameters are involved in the sale cost center definition. If additional parameters are involved then the system saves the basic parameters and takes you to the additional parameters page where the cost center rule can be defined. If not, then the system saves the sale cost center definition along with the login ID of the user and the system date.
Mandatory
“Company Code” must have been defined in the “Organization Setup” business component.
“Finance Book” must have been defined in the “Organization Setup” business component.
“Finance Book” must have been mapped to the “Company Code”.
Account code must have been defined in the “Accounting Setup” business component and also defined as “COGS Account” in the “Account Rule Definition” business component.
“Cost Center” must have been defined in the “Cost Setup” business component.
“COGS Account” must have been mapped to a normal cost element, which in turn must have been mapped to a cost center in the “Cost Setup” business component.
Set additional parameters applicability
Set additional parameters applicability
You can specify whether additional parameters are used for the sale cost center definition.
Set the “Additional Parameters” field to “Yes” if additional parameters are specified in the sale cost center definition.
Set the “Additional Parameters” field to “No” if additional parameters are not specified in the sale cost center definition.
You can define a sale cost center by specifying the mandatory parameters.
Specify the company code, the finance book, the COGS account code and the cost center to be mapped. “Cost Center” and “Effective From Date” will be specified only when additional parameters is set as “No”.
Click the “Save” pushbutton to define a sale cost center.
