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Client Requirements

The client would like to post Bonus wage type to single cost center instead of consuming budget from master cost center which is derived from (IT0001) it should be consumed from Fixed cost center (all postings for a specific cost type are to be posted, irrespective of the employee, to a particular cost center or order rather than to the usual account assignment (such as the employee’s own cost center).

Solution Design

It is useful to post particular wage types to fixed cost centres, instead of to the employee’s master cost center or to another specified cost assignment. This is known as Posting to a Fixed Cost Center or Posting to Fixed Orders or Standard Orders.

In first step From FICO end Cost element has to be created.

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Create Cost Element

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In second step HR Configuration Define Symbolic AccountsIn this step, we create the symbolic accounts that you require for posting to Accounting.


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In third step Define Posting Characteristics of Wage Types- In this step we specify which wage types are to be posted here I am considering Bonus Wage type -9000.


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In fourth step Assign Expense Accounts- In this step, we assign expense accounts to the symbolic accounts used for expense postings.


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In fifth step Set up Postings for Fixed Costs- In this step, we make the settings for such fixed cost postings.


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By this configuration part is done below are the test scenario for Fixed cost center posting.

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Here we can see three employees Bonus has been Consumed in Single cost element instead of Master cost center.


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Or else we can check in FB03 also as shown below.


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I hope you all enjoyed reading through this document. If you liked this document and found it to be beneficial, request you to please kindly rate it for the benefit of other users.

Thanks

Omprasad Reddy

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