SAP CO - Profit Center - Tutorialspoint

SAP CO Profit Center is used for managing internal controlling. When you divide your company into profit centers, it allows you to delegate responsibility ... SAPFICOTutorial SAPFICO-Home SAPFI-Overview SAPFI-Submodules SAPFI-CompanyBasics SAPFI-DefineBusinessArea SAPFI-DefineFunctionalArea SAPFI-DefineCreditControl SAPFI-GeneralLedger SAPFI-COAGroup SAPFI-RetainedEarningsAccount SAPFI-G/LAccount SAPFI-BlockG/LAccount SAPFI-DeletingG/LAccounts SAPFI-FinancialStatementVersion SAPFI-JournalEntryPosting SAPFI-FiscalYearVariant SAPFI-PostingPeriodVariant SAPFI-FieldStatusVariant SAPFI-FieldStatusGroup SAPFI-DefinePostingKeys SAPFI-DefineDocumentType SAPFI-DocumentNumberRanges SAPFI-PostwithReference SAPFI-HoldaG/LDocumentPosting SAPFI-ParkaG/LDocumentPosting SAPFI-G/LReporting SAPFI-AccountsReceivable SAPFI-CustomerMasterData SAPFI-BlockaCustomer SAPFI-DeleteaCustomer SAPFI-CustomerAccountGroup SAPFI-One-TimeCustomerMaster SAPFI-PostaSalesInvoice SAPFI-DocumentReversal SAPFI-SalesReturns SAPFI-PostIncomingPayment SAPFI-ForeignCurrencyInvoice SAPFI-IncomingPartialPayments SAPFI-ResetARClearedItems SAPFI-CreditControl SAPFI-AccountsPayable SAPFI-CreateaVendor SAPFI-CreateVendorAcctGroup SAPFI-DisplayChangedFields SAPFI-BlockaVendor SAPFI-DeleteaVendor SAPFI-One-TimeVendor SAPFI-PostPurchaseInvoice SAPFI-PurchasesReturns PostOutgoingVendorPayment SAPFI-ForeignCurrencyInvoice WithholdingTaxinvendorinvoice SAPFI-OutgoingPartialPayments SAPFI-ResetAPClearedItems SAPFI-AutomaticPaymentRun SAPFI-PostingRoundingDifferences SAPFI-MonthEndClosing SAPFI-Dunning SAPFI-ExchangeRates SAPFI-TablesinModule SAPFI-ARInvoiceProcesses SAPFI-ARAccountAnalysis SAPFI-ARReporting SAPFI-AAOverview SAPFI-AAAssetExplorer SAPFI-CashManagement SAPCO-Overview SAPCO-Submodules SAPCO-CostCenter SAPCO-CreateCostCenter SAPCO–PosttoaCostCenter SAPCO-InternalOrders SAPCO-SettlementofIO SAPCO-ProfitCenter SAPCO-PostingstoProfitCenter ProfitCenterStandardHierarchy AssigningCosttoProfitCenters AssigningMaterialstoProfitCenter SAPCO-TablesinModule SAPCO-ProductCosting SAPCO-ProfitabilityAnalysis SAPCO-PlanningMethods SAPFI-Integration SAPFICOUsefulResources SAPFICO-QuestionsAnswers SAPFICO-QuickGuide SAPFICO-UsefulResources SAPFICO-Discussion SelectedReading UPSCIASExamsNotes Developer'sBestPractices QuestionsandAnswers EffectiveResumeWriting HRInterviewQuestions ComputerGlossary WhoisWho SAPCO-ProfitCenter Advertisements PreviousPage NextPage  SAPCOProfitCenterisusedformanaginginternalcontrolling.Whenyoudivideyourcompanyintoprofitcenters,itallowsyoutodelegateresponsibilitytodecentralizedunitsandtreatthemasseparatecompaniesinacompany.ItalsoallowsyoutocalculatekeyfiguresincostaccountinglikeROI,Cashflow,etc. ProfitCenterisapartofEnterpriseControllingmoduleandisintegratedwithanewGeneralLedgerAccounting. KeyFeaturesofSAPCOProfitCenter ProfitCenterAccountingisusedtodetermineprofitforinternalareasofresponsibility.Itletsyoudetermineprofitsandlossesusingeitherperiodaccountingorthecost-of-salesapproach. Itallowsyoutoanalyzefixedassetsbyprofitcenter,thususingthemasinvestmentcenters.Itallowstoexpandprofitcenterstoinvestmentcenters. WhyDoWeCreateProfitCenter? ThemainaimofcreatingaProfitCenterinSAPCOistoanalyzethecostofaproductlineorabusinessunit. YoucanalsogenerateP&LaccountsaccordingtoaProfitCenterandalsogeneratebalancesheets,howeveraProfitCentershouldonlybeusedforinternalreportingpurpose. Thekeycomponentsofaprofitcenterinclude–nameoftheprofitcenter,thecontrollingareaunderwhichitisassigned,timeperiod,personresponsiblefortheprofitcenter,standardhierarchy,etc. HowtoCreateaProfitCenter? UsetheT-codeKE51orgotoAccounting→Controlling→ProfitCenterAccounting→MasterData→ProfitCenter→IndividualProcessing→Create. Inthenextscreen,enterthecontrollingareainwhichtheprofitcenteristobecreatedandclickthetickmark. Inthenextscreen,entertheuniqueprofitcenterIDandclickMasterData. Anewwindowwillopenwhereyouneedtoinputthefollowingdetails− Profitcenternameandashortdescriptionoftheprofitcenter. Personresponsiblefortheprofitcenter. Profitcentergroupforwhichtheprofitcenterbelongsto. ClicktheSaveiconatthetoptocreatetheprofitcenterininactivemode.Toactivatetheprofitcenter,clicktheiconasshowninthefollowingscreenshot. HowtoCreateaProfitCenterGroup? UsetheT-codeKCH1orgotoAccounting→Controlling→ProfitCenterAccounting→MasterData→ProfitCenterGroup→Create. EntertheControllingAreainwhichtheProfitCenteristobecreated. EntertheUniqueProfitCenterGroupIdasshownbelowandpressEnter. EntertheshortdescriptionfortheprofitcentergroupandclicktheSaveiconatthetop. 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