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Business Area Vs Profit Center

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Dear SAP friends,

 

One of my client is implementing SAP FI and CO along with MM, SD, HR modules.  They wish to generate Income & Expense statement by location wise (7 locations at the moment) in SAP. Will that achieve in standard SAP?

 

What is the best option to suggest, Is it Business Area or Profit center? Do we also activate New GL? what happens if New GL is not active?

 

Appreciate your response.

 

Thanks

Deepu


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