What is account assignment element in SAP PS - Project System?

SAP Term: account assignment element

• Component: PS

• Component Name: Project System

• Description: An element in a work breakdown structure WBS to which the following postings can be made: Actual postings Commitment postings

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• Key Concepts: 
  Account assignment element is a component of the SAP Project System (PS) module. It is used to assign costs and revenues to a specific account in the general ledger. This allows for more accurate tracking of project costs and revenues. 
  
  How to use it: 
  Account assignment elements are created in the PS module and can be assigned to a project or an activity. When costs or revenues are posted, they are automatically assigned to the account assignment element. This allows for more accurate tracking of project costs and revenues. 
  
  Tips & Tricks: 
  It is important to ensure that the correct account assignment element is assigned to each project or activity. This will ensure that all costs and revenues are accurately tracked and reported. 
  
  Related Information: 
  For more information on account assignment elements, please refer to the SAP Project System documentation.