Cost objects

cost objects

cost objects answer the question “For what?” – for example, for which product, project, event or result costs were incurred.

Why this point is crucial for key users

With cost units, effort becomes a result story. The key user creates the perspective with which teams can compare products and projects economically.

Fields and settings at a glance

• cost objects: Meaningful name of the product, project or result.
• Account sheet: Linked financial transactions that allow usage and values to be tracked.

How to prepare for the process safely

1. Define the purpose of the evaluation and a binding designation.
2. Create the cost object.
3. Assign a representative process.
4. Check the cost object overview and open the underlying postings.

Check before sharing

• The cost object is clearly separated from the cost center and cost type.
• Name and usage are understandable for users.
• The evaluation only contains technically appropriate postings.

What your team gets out of it

You recognize which result consumes resources – and can make informed decisions.

Related topics

1. For key users – understand and prepare processes › Finance › Prepare cost accounting › Cost centers
2. For key users – understand and prepare processes › Finance › Prepare cost accounting › Cost types

Frequently asked questions