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

SAP Term: joint product

• Component: AP-COS

• Component Name: FIN Costing

• Description: A product that cannot be manufactured without simultaneously producing other products in the same manufacturing process. A manufacturing process that produces joint products is called a joint process. Joint products have the highest value in the joint process, which also generates by-products and scrap.

Smart SAP Assistant

• Key Concepts: 
  A joint product is a product that is created as a result of a manufacturing process, but is not the main product of the process. It is a by-product or co-product of the main product. In SAP, joint products are managed using the Actual Costing/Material Ledger component of the Financial Accounting (FI) module. 
  
  How to Use it: 
  In SAP, joint products are managed using the Actual Costing/Material Ledger component of the Financial Accounting (FI) module. This component allows users to track and manage joint products in terms of their costs, quantities, and other related information. The Material Ledger also allows users to assign different cost elements to each joint product, which can be used for reporting and analysis purposes. 
  
  Tips & Tricks: 
  When setting up joint products in SAP, it is important to ensure that all relevant cost elements are assigned to each joint product. This will ensure that all costs associated with the joint product are accurately tracked and reported. Additionally, it is important to ensure that all relevant information about the joint product is accurately entered into SAP, such as its quantity and cost elements. 
  
  Related Information: 
  For more information on how to set up and manage joint products in SAP, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on how to use the Actual Costing/Material Ledger component of SAP FI.