Credit group specifies the transactions that are to be blocked for processing when the credit limit exceeds. Credit group created for each variation in the document type.
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Once the credit group is created, the sales documents and delivery types need to be assigned to credit group for checking customer limits. The link between the sales documents and delivery types can be established through assignment. Without assignment the system can’t able to verify the customer limits while creating sales documents.
Every customer has a limit to purchases the products from the company in case of credit purchases. Customer can’t buy any products beyond the credit limit. If the customer needs to buy more products and is approved, then the customer credit limit needs to be increased.
In SAP system, Cost Center used to determine the given application component structure. Cost center remains constant over extended periods. Cost center planning should execute to reflect the cost center structure and generate periodic cost center reports.
Cost Center known as a component in an organization where costs are incurred that adds value to the cost and adds profit of the organization. Cost Center is a simple and straightforward division in an organization.
Step-1: go to transaction FB50 to post the cost center.
Classifies the activities in the cost centers within a controlling area. Activity Types is an activity performed to classify the activities produced in cost center. Activity Type classifies the activities to be performed within a company by one or several cost centers.
Step-1: Go to transaction OVF3 to link a cost center with order reason.
An internal order monitors the costs parts under certain circumstances, the revenues of the organization.
Cost Center: – A business unit in any company can be classified as profit center, cost center or an investment center. Cost center is a simple and straightforward division in an organization. Cost Center known as a component in an organization where costs are incurred that adds value to the cost and adds profit of […]