SAP Simple Finance: What Happened to the Cost Elements?

SAP Simple Finance: What Happened to the Cost Elements?

Reading time: 12 mins

Janet Salmon

SAP SE

Expert since 2019

With SAP Simple Finance, the universal journal includes a single field account that covers both the general ledger (G/L) account and the cost element. As companies migrate to SAP Simple Finance, the system merges their existing G/L accounts and cost elements. The transactions for the creation and maintenance of cost elements become obsolete, replaced by...

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