account assignment category in sap fi

SAPMMFRIENDS.BLOGSPOT.COM

Tuesday, february 26, 2013, account assignment category in sap mm.

• Which accounts are to be charged when the incoming invoice or goods receipt is posted
• Which account assignment data you must provide

• When entering an item on the item overview screen, specify the account assignment category for the item.
• Choose  Item   ®  Account assignments.
• Enter the account assignment data that is dependent on the account assignment category.
• If additional information is available on a specific account assignment, the  More  field is displayed.
• If you wish to enter further items with the same account assignment data, choose  Acct. assgt. on . The account assignment data will then automatically be adopted in the next item.
• Branch to the item overview and repeat the process if necessary.
• Save the purchase order.
• How the net value of a PO item to be distributed is (apportioned) among the individual account assignment items?
• How are the costs to be apportioned if only a part of the ordered quantity has been delivered and invoiced?
• When entering an item, specify the account assignment category for the desired item on the item overview screen.
• To do so, choose  Item   ®  Account assignments.
• Enter the account assignment data for the first account assignment item.
• In the item fields (upper part of this screen) enter the relevant data:
• For each account assignment item, enter either the quantity  or   the percentage of the total value to be charged to the relevant account assignment item.
• Repeat as necessary for other items.

4 comments:

Good article

Amazing blog thanks for sharing Wonderful information

Thanks for sharing this blog. finance guest post

Thank you for your post. This is excellent information. It is amazing and wonderful to visit your site. And I would like to share some information about virtue solutions. www.virtuesolutionsonline.com

Post a Comment

Pros and Cons of API vs IDOC in SAP

• SAP MM Interview Questions & Answers for Freshers Source: http://www.atoziq.com    1 . Introduction to SAP MM 1.       What is SAP? How is it used in industries?                   ...
• Free SAP MM tutorial with screenshots Currently this Post Changes in Progress

• What is SAP FICO?
• SAP FICO Training Tutorials for Beginners
• SAP FICO Define Account Group
• SAP FICO Reverse Clearing Document
• Foreign Currency Valuation Configuration
• SAP FICO User Exit for Vendor Master
• FICO Vendor Account Group Table
• SAP FICO Withholding Tax
• SAP FICO Dunning Area
• SAP FICO Cash Management Group
• Assessment Cycle vs Profit Center
• SAP FICO Asset Accounting
• SAP FICO Posting Key for Bank
• SAP FICO Document Type
• SAP FICO Document Number Ranges
• SAP FICO Parked Workflow Configuration
• SAP FICO Classic GL vs New GL
• SAP FICO GL Account for Cash Journal
• SAP FICO Accounts Receivable Process Cycle
• SAP FICO Accounts Receivable Configuration
• GR/IR Accounting Entries and Journal Entries
• SAP FICO Chart of Accounts
• SAP FICO Transaction Codes
• SAP AS11 Create Asset Sub-Number
• SAP Business Area and Profit Center
• SAP Inconsistent Withholding Tax Info
• SAP Active vs Passive Document Splitting
• Reverse MIRO Document in SAP
• SAP FICO Scope and Opportunity
• FICO Certification Cost in India
• SAP FICO Interview Questions
• SAP FICO Tree Menu

What is Account assignment in SAP FICO ?

Updated Apr 01, 2023

Account assignment is a critical aspect of financial accounting and management in any organization. It refers to the process of allocating financial transactions to specific cost or profit centers, projects, or business processes. By properly assigning financial transactions to the appropriate account, organizations can accurately track their expenses, revenues, and profitability. This information can then be used to make informed decisions about resource allocation, cost control, and overall financial management. 

In SAP FICO, account assignment is a core module that offers various types of account assignment options, including cost center accounting, profit-center accounting, internal order accounting, and WBS element accounting. These options provide organizations with greater visibility into their financial performance, enabling them to optimize their operations and drive greater value for their stakeholders.

Types of  Account Assignment 

There are several types of account assignments in SAP FICO, including:

• Cost center accounting 
• Profit center accounting
• Internal order accounting
• WBS element accounting

i) Cost center accounting 

Cost center accounting is the process of tracking and analyzing costs associated with each department, function, or unit of an organization. SAP FICO provides a module that allows organizations to create and manage cost centers, allocate expenses, and generate reports to track performance.

By tracking expenses at a granular level, organizations can make informed decisions about resource allocation, identify areas of inefficiency, and make changes to improve overall performance, reducing costs and increasing efficiency.

ii) Profit center accounting

Profit center accounting is a process that allows organizations to track revenues and expenses at a granular level, providing insights into the profitability of individual business units, product lines, or geographic regions. By allocating revenues and expenses to specific profit centers, organizations can generate reports that help identify areas of high profitability or inefficiency.

SAP FICO provides a comprehensive profit center accounting module that enables organizations to create and manage profit centers, allocate revenues and expenses, and generate reports to analyze profitability. This information can be used to make informed decisions about product lines, investments, and resource allocation, enabling organizations to optimize their profitability and drive growth.

iii) Internal order accounting 

Internal order accounting is a process that allows organizations to track and control expenses associated with a specific project, event, or business process. By assigning costs to a specific internal order, organizations can monitor actual expenses versus budgeted expenses, and ensure that resources are allocated efficiently.

iv) WBS element accounting

WBS (Work Breakdown Structure) element accounting is a process that allows organizations to track and control expenses associated with a specific project or work breakdown structure. It involves breaking down large projects into smaller, manageable tasks or work packages, each of which is assigned a WBS element.

Expenses are then allocated to each WBS element to track actual versus planned expenses and ensure that resources are allocated efficiently.

Advantages of  Account Assignment 

The advantages of account assignment in SAP FICO include:

Better visibility: Account assignment allows organizations to track expenses and revenues at a granular level, providing better visibility into financial performance.

Resource allocation: By tracking expenses and revenues, organizations can make informed decisions about resource allocation, ensuring that resources are allocated efficiently.

Cost control: By identifying areas of inefficiency or waste, organizations can make changes to control costs and improve profitability.

Accurate reporting: Account assignment provides accurate reporting and analytics, enabling organizations to make informed decisions about their financial performance.

Compliance: Account assignment helps organizations comply with regulatory requirements and accounting standards.

How to Define Account Assignment?

Please follow the steps below to define the account assignment:

Execute t-code OKB9 in the SAP command field as shown in the image below.

On Change View "Default account assignment": Overview you will see the list of default account assignments.

Next, click the  New Entries button to create a new account assignment.

In the next window, enter the following fields:

• Cost Ctr 

Now click on the Save button to save the new account assignment.

Now in order to post a test document to check that the account assignment works, execute t-code FB50 in the SAP command field.

On the next popup enter Company Code as shown below.

Now on the next window, click Tree On button.

Next, select the Screen Variant in the next window and click Tree Off button.

In the next window, enter the following fields according to your requirements:

To make the document assignment, click the Post button.

The account assignment is now defined and can be used for tracking expenses and revenues at a granular level in SAP FICO.

• 04 Dec 2013 7:51 am rekha Account assignment is used in Sap Fico if you frequently use the same broad account assignments, such as a distribution of amounts to several company codes, accounts, or cost centers, you can use the account assignment model method to save input time and avoid input errors. The use of account assignment models is limited to G/L account items. T-code OK17 is used in the account assignment. If you have CO-FI real-time integration active you need this account assignment.

3016084 - Only 2 Account Assignment categories available in Flexible Workflow - SAP S/4HANA & SAP Fiori.

When creating a new flexible workflow(for Purchase Order/Purchase Requisition) with account assignment category as a start condition, it is possible to choose from: Cost Center(K) or Project(P). Other account assignment cateogories are not available like "Q" or "X", for example.

Environment

•  SAP FIORI 
•  SAP FIORI for S/4HANA
•  SAP S/4HANA All versions

fiori, MMFIOSTD, WS00800173, BADI, manage workflow app, conditions, 1909, 1809 , KBA , MM-PUR-GF-WOF , Workflow , MM-FIO-PUR-REL , Fiori UI for Purchasing Approval , Problem

About this page

Search for additional results.

Visit SAP Support Portal's SAP Notes and KBA Search .

Privacy | Terms of use | Legal Disclosure | Copyright | Trademark

Navigation Menu

Search code, repositories, users, issues, pull requests..., provide feedback.

We read every piece of feedback, and take your input very seriously.

Saved searches

Use saved searches to filter your results more quickly.

To see all available qualifiers, see our documentation .

• Notifications You must be signed in to change notification settings

allTags_test.txt

Latest commit, file metadata and controls.

You are now being redirected to bestq.info....