Creation of Cost Elements in SAP FICO

To Create cost elements in SAP we have 3 options

1) From SAP FI module
2) From SAP CO module
3) Automatic Creation in SAP CO module

creation cost element from FI
t.code FS00
select Gl which you want create Primary cost element
then select Edit cost element 

system picks up GL code as cost element and

give valid from date
hit the enter key
system picks values from GL
like name and description

you need to enter cost element category
and save



Taken a toll components portray the cause of expenses. Taken a toll components are characterized as either

essential and auxiliary. Essential expense components emerge through the utilization of

generation considers that are sourced remotely. Auxiliary expense components emerge

through the utilization of generation elements that are given inside.

The Chart of records contains all general record (GL) records fitting in with

Money related Accounting.

Costs and Revenue accounts in Financial Accounting compare to

Essential Cost and Revenue Elements individually.

Optional Cost Elements are utilized solely as a part of CO to distinguish inside expense

Streams, for example, evaluations or settlements. They don't have relating

General record accounts in FI and are characterized in CO just.

When you make an expense component, you must appoint an expense component classification. This

Task decides the exchanges for which you can utilize the expense component.

You can make cost components naturally by making default settings that are utilized

To point out the expense component, or expense component interim that you wish to make.

You can make cost components physically in mass with the assistance of LSMW or BDC.