How to create a cost center in SAP? Go to the below shown path and click create cost center (Tcode - KS01)and below is the initial screen of the cost center creation screen The basis parameters needed to create a cost center are: - 1.       Controlling Area – e.g. NA00 2.       Cost center and valid date Note: - Primary cost element – Material, travel,  Secondary cost element – Overhead charge Important Tables for cost center:- CSKA(Chart of account data), CSKB( Controlling  area data), CSSK(Cost master data) etc Different settings w.r.t cost center 1.       Create a cost center – ex: CC-CA000, CC-MA000, CC-AS000 2.       Now create a statistical key figure -e.g. EMP000 3.       Now create a secondary key element – e.g. PLA000, MAI...

What is a cost center in sap CO? We also use Cost center in tally which is an accounting software, the underlined meaning of cost center is SAP in both the cases but in SAP cost center is created and handled quite differently. First, it is handled under the Controlling Module and it is stored as master data. Cost center in SAP is an organizational sub unit, it is the sole discretion of the company either it wants to consider a unit a cost center or a profit center. How a cost center and profit center is different in sap CO? So now you will ask how profit center is different from a cost center right? And how can you classify an organizational unit as cost center because at the same time it is also generating profit by making sales etc. right? Let me explain. Consider an example: - you have a company in Illinois, USA but that office will have some expenses let's say w...

Please Follow the Steps in Screenshots to configure the Pricing Procedure : Do let me know your questions on query section below.

Promotion Type Configuration, Please follow the below steps Do let me know in query section below  if you find any difficulty 

What is Pricing procedure? Pricing procedure is the combination of different charges, like Gross price, freight charge, discount, surcharge, etc. and we use this pricing procedure to determine all these conditions into one place, where we can calculate the net amount. Pricing procedure can be summarized with the below 7 terminologies : Condition Type Access Sequence Condition Table Condition Record. Schema Group Calculation Schema/ Pricing Procedure Schema Determination Let’s discuss all the points in detail. ...

Why Promotions are created?                                      T-Code = WAK1 From a sales perspective, promotion provide retailers a key opportunity to differentiate and position their goods in competitively  aggressive - price environment.  Promotions are run to reduce the existing stock , boost the sale, or test a new products in the market. They are also a useful in boosting the success of a company, particularly when margins are tighter. This component enable articles to be sold at  lower than the standard price. Promotions are planned at company level and the data is sent to the involved stores when the promotion is introduced or announced.  Steps to create Promotions. Open  T-Code WAK1 in SAP Gui Enter the Promotion Type and Press Enter & follow the subsequent steps You mig...