Installation: Material Ledger / Actual Costing 

Purpose

This section explains how to activate the functions of the component Actual Costing/Material Ledger.

Process Flow

  1. Read the Implementation Guide for the component Actual Costing/Material Ledger.

    2. You can find this in Customizing under Controlling ® Product Cost Controlling ® Actual Costing/Material Ledger.

  2. Set up the Material Ledger with the help of the Implementation Guide in Customizing.
  3. Activate the material ledger for the relevant plants/valuation areas.
  4. Check the Customizing settings for the material ledger for each plant.

    5. For more information, see Checking Customizing for the Material Ledger.

  5. Prepare the data for the production startup of the material ledger.

    6. The preparation of data for production startup of the material ledger can not be reversed.

    The production startup is necessary for the following:

    1. To generate material ledger data for the materials already existing
    2. To create valuation data in parallel currencies and valuations.
    3. To save specific administrative data for the material ledger (currency settings at the time of production startup, for example)

    For more information, see Preparing Data for the Material Ledger (Production Startup).

  6. In certain cases, you reconcile the material stock account from Materials Management (subledger accounting) with that of Financial Accounting (G/L accounting).

For more information, see Reconciling Accounts for the Material Ledger in Different Currencies and Valuation Categories.

Result

The functions of the component Actual Costing/Material Ledger are available.