What is cost item type in SAP PA-CP - Personnel Cost Planning and Simulation?

SAP Term: cost item type

• Component: PA-CP

• Component Name: Personnel Cost Planning and Simulation

• Description: Specifies whether a cost item is to be posted to Accounting or not. Posting-relevant cost items have the cost item type "cost element" or "statistical key figure". You must assign these cost items to symbolic accounts or statistical key figures. Cost items not relevant for posting have the cost item type "not CO-relevant". You can assign these cost items to symbolic accounts, for example to specify which wage types should be included in the cost items.

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• Key Concepts: 
  Cost item types are used in the Personnel Cost Planning and Simulation (PA-CP) component of SAP to classify personnel costs. They are used to group costs into categories such as salaries, benefits, and other personnel costs. Cost item types are also used to assign cost elements to cost objects. 
  
  How to use it: 
  Cost item types are used in the Personnel Cost Planning and Simulation (PA-CP) component of SAP to classify personnel costs. They can be used to group costs into categories such as salaries, benefits, and other personnel costs. Cost item types can also be used to assign cost elements to cost objects. 
  
  Tips & Tricks: 
  When creating cost item types, it is important to ensure that they are properly defined and assigned to the correct cost objects. This will help ensure that the correct costs are being tracked and reported on. Additionally, it is important to ensure that the cost item types are updated regularly in order to keep up with changes in personnel costs. 
  
  Related Information: 
  For more information on cost item types 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 cost item types in SAP.