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How do you assign a cost center to a company code?

Step 1) Enter Transaction Code PRO in the SAP Command Field. Step 2) In the next screen, Select 'SAP Reference IMG. Step 3) In the next screen, 'Display IMG' Follow the menu path Controlling→Profit Center Accounting → Assignments of Account Assignment Objects to Profit Center →Assign Cost Centers.

How do you assign a cost center to a cost element in SAP?

Default the cost center in cost element — Ka02 — account assignment tab enter cost center. Use OKB9 for different combinations as per your requirement. Use GGB1 for substituting the cost center based on some conditions.

How do I assign a profit center to a cost center?

Select SAP Reference IMG. Follow the IMG path and double-click on Assign cost centers Enter your controlling area and enter. Insert cost center and press enter. In the change cost center: basic screen, update profit enter key. Click on save button to save the entries.

How is cost center determined in SAP?

In SAP cost center is the lowest organizational unit in controlling enterprise structure. Cost centers are responsibility areas for costs within organization and used to capture actual costs of an organization. Assigning the costs to cost centers determines where the costs are incurred within the organization.

How do I link my GL to cost center in SAP?

There is now any direct link between cost center and GL account. But in some cases like default assignment of GL account to cost center will happen at OKB9 and 3KEH. For example while doing MIRO in case of any price difference system will get the cost object from OKB9 or 3KEH.

What is the company code?

The company code is the central organizational unit of external accounting within the SAP System. The business transactions relevant for Financial Accounting are entered, saved, and evaluated at company code level. You usually create a legally independent company in the SAP System with one company code.

What is meant by company code?

Company Code is a legal entity of Financial Accounting for which you draw individual financial statements (Balance Sheet and Profit & Loss Account) for purpose of external statutory reporting.

How do I find a company code?

Your company code is unique and identifies your company. You can easily find it in your Launch Pad in the top right corner of your screen.

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