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- Cost Accounting
- Process
- Set up the cost context
Set up the cost context
Establish the organization, pool and cost object used through the case. The handoff works when each person can follow the same source record and see the decision or operation result in context. Agree the record owner and the status rule before the first live cycle.
Step by step
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Choose organization Cost Master Owner
Cost Master Owner confirms the organization and its status before cost records are entered.
- Owns the cost context
- Updates Organizations
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Classify pool Cost Master Owner
Cost Master Owner selects the pool category and checks that its status is Active.
- Collects the charge by category
- Updates Cost pools
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Identify object Cost Master Owner
Cost Master Owner confirms the business partner cost object for the estimate.
- Identifies the job, product or contract
- Updates Business partners
Who does what
Roles and permissions- Cost Master Owner
- Maintains cost context; Cost Accountant prepares cost records; Cost Controller approves postings; Variance Analyst reviews differences; Finance Reviewer checks ledger evidence.
Set up Cost Accounting your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.