Tag Archives: Profit Center Group

Segment is usually represented by requirement for producing legal reporting statements based on different product groups or services which the company is providing. Usually Profit Centers area assigned to Segments you are able to group them as such. In Some cases you will be able to use profit center groups instead of segments to get the same result, but in case you want to have profit centers pointing to one segment from different profit center groups, then Segment is the way to go. There is also a possibility to implement custom derivation of Segment based …

Standard Profit Center Hierarchy is necessary to group in hierarchical order the profit centers. It is also prerequisite for creation of Profit Center. This quick guide is for creating standard hierarchy for profit center accounting in FI. You are also able to do it in CO.   Transaction Code: KCH1 Menu: Accounting -> Financial Accounting -> General Ledger-> Master Recordsv -> Profit Center -> Standard Hierarchy -> Create     When you execute the transaction, choose your controlling area.   After continuing, on the next screen give a name of your profit center group and hit “Enter”.     Give a short …