Maintain Default Account Code – Cost Center Mapping – A summary of the activity

Financial transactions form the basis of cost analysis and hence the need to capture cost centers at the time of financial postings becomes inevitable. Purchase, Sales and Inventory transactions will derive and cost centers by a mechanism addressed in this business component.

Through this activity, the cost center, which is mapped to an account code, is set as default in order to fetch the same in the financial transactions. Since, an account code can be mapped to a number of cost centers, the need to set one of them as default arises. This ensures that whenever the account code is used in a transaction, the default cost center is fetched. However, the user has the option to change the cost center in the respective transactions, whenever it is required.

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