Cost Accounting

Cost accounting is a product that supports a company’s controller with extensive cost analyses. Cost accounting is a self-contained module. Profit and loss accounts are transferred automatically into cost accounting. In addition, extra postings can be created independently of financial accounting postings and processed further through allocations.

Cost type chart

Since financial accounting is the source of data for costs equivalent to expenses, in many cases it makes sense to use general ledger accounts as the basis for the cost type chart. The general ledger accounts can be transferred into the cost type chart using a transfer function. During automatic creation, the cost types are linked directly to the general ledger accounts. In manual creation, the assignment lies with the respective user. Only one cost type can be assigned to a general ledger account. Several general ledger accounts can be assigned to one cost type. A general ledger account does not have to be assigned to a cost type.

Cost center chart

The cost centers do not have to be transferred into cost accounting. They are defined in the finance dimensions and are generally valid for the entire ERP system.

Cost object chart

The cost objects do not have to be transferred into cost accounting. They are defined in the finance dimensions and are generally valid for the entire ERP system.

Cost accounting in the standard system

Cost accounting includes the following functions:

• Cost postings (manual, financial accounting postings)
• Allocations (distribution to cost centers and cost objects)
• Planning module
• Reporting
• Analysis view