What is the function of Profit center in Material Master and
Recon Account in Customer Master and how does it works?

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What is the function of Profit center in Material Master and Recon Account in Customer Master and ..

Answer / shriya

Once the billing document is generated and posted to
accounting tab ; along with the accounting document ;
profitability analysis also gets generated . The main
purpose for this is to determine if the particular sales or
purchase order has generated profits or loss for the
particular customer .
For doing this we would need to clauculate the materila
cost against the sales price and this is done through the
profit center in accounitng tab/ costing tab and this is
how the profit center
And on the customer end you have this in the compnay code
in the reconcilation account as this is the account from
where the G/L accout gets posted

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What is the function of Profit center in Material Master and Recon Account in Customer Master and ..

Answer / pathan

profit centre: it will be help to generate profitability analysis doc i.e reporting purpose

recon acct in cust master: when you raise invoice to your customer the actg entry is customer acct dr to revenue acct cr. here the system pick customer acct from reconc acct

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What is the function of Profit center in Material Master and Recon Account in Customer Master and ..

Answer / babu

Recon account is mainly used for special postings like, down payments received instead of receivables.

this account also updated parallel to the normal subledger account (invoice or payment)

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What is the function of Profit center in Material Master and Recon Account in Customer Master and ..

Answer / shriya

Profit center is the used for the evaluation of the
profits generated on making a particular sales and is the
integration od MM ; SD & FICO and is used to caluculated
the G/L aCCOUNT

The process thorugh which the billing values are posted
from SD TO fico with the help of G/L account is called as
revenue recognisation . T- code : vkoa and that of revenue
report is va 44

Is This Answer Correct ?    0 Yes 2 No

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