How to assign Cost element to Cost object in SAP

How to assign Cost element to Cost object in SAP, using T code: OKB9.

Cost Element: It is an organizational element, which helps to carry or integrate the costs or revenues of CO with finance module.

Cost Center: It is an organizational unit within controlling area and it manages costs associated with a specific functional area, department, or activity for internal reporting purpose (As it only captures the costs). The Cost element will help here to integrate the CO with FI module.

SPRO Path – Ref IMG -> Controlling -> Cost Center Accounting ->Actual Postings -> Manual Actual Postings -> Manage Default Account Assignments – Click on Execute button.

Click on New Entries button.

Now give Company code, Cost Element, Cost Center (Cost object) and click on save button.

Note: Here the cost object includes Cost center, Internal order, Profit center. Based on requirements we can give any of these cost objects.

Customizing request popup will come, select your request and click on continue.

Data was saved.

Other contents you may like in SAP:

• How to Create Controlling Area in SAP: Click here
• Creation of Primary Cost Element GL in S4 Hana: Click here
• Creation of Secondary Cost Element GL in S4 Hana: Click here
• How to Create the Cost Element Group in SAP: Click here
• Creation of Cost Center in SAP: Click here
• Creation of Cost Center Group in SAP: Click here

SAP FICO Configuration topics:

• SAP Finance Enterprise structure: Click here
• SAP Finance GL Accounting: Click here
• SAP Finance Accounts Payable: Click here
• SAP Finance Accounts Receivable: Click here
• SAP Finance Bank Accounting: Click here
• SAP Finance New Asset Accounting: Click here
• How to Create a Controlling area in SAP: Click here
• SAP Controlling – Cost Element Accounting: Click here
• SAP Controlling – Cost Center Accounting: Click here