What is joint process in SAP AP-COS - FIN Costing?

SAP Term: joint process

• Component: AP-COS

• Component Name: FIN Costing

• Description: A manufacturing process in which the manufacture of one product automatically generates one or more additional products simultaneously. The products of a joint process are called joint products. A joint process requires special methods of costing.

Smart SAP Assistant

• Key Concepts: 
  Joint process is a feature of the SAP Cost Object Controlling (COC) module in the Financial Accounting (FI) component of SAP. It allows for the simultaneous processing of multiple cost objects, such as orders, projects, and cost centers. This feature enables users to quickly and accurately process cost objects in a single step.
  
  How to use it: 
  To use the joint process feature, users must first set up the cost objects in the COC module. This includes defining the cost objects, assigning them to a cost center, and setting up the necessary parameters. Once this is done, users can then use the joint process feature to process multiple cost objects at once. This can be done by selecting the cost objects to be processed and then clicking on the “Process” button.
  
  Tips & Tricks: 
  When using the joint process feature, it is important to ensure that all of the necessary parameters are set up correctly. This will ensure that all of the cost objects are processed accurately and efficiently. Additionally, it is important to remember that only certain types of cost objects can be processed using this feature. 
  
  Related Information: 
  For more information on how to use the joint process feature in SAP Cost Object Controlling (COC), please refer to SAP’s official documentation on COC. Additionally, there are many online tutorials available that provide step-by-step instructions on how to use this feature.