What is general costs element in SAP PS - Project System?

SAP Term: general costs element

• Component: PS

• Component Name: Project System

• Description: An activity element for a general costs activity.

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• Key Concepts: 
  General costs element is a component of the SAP Project System (PS) module. It is used to record and track costs that are not directly related to a specific project, such as overhead costs, administrative costs, and other general expenses. It is also used to allocate these costs to multiple projects. 
  
  How to use it: 
  General costs element can be used in the PS module by creating a cost element group and assigning it to the general cost element. This cost element group can then be used to assign costs to multiple projects. The cost element group can also be used to assign different types of costs, such as overhead costs, administrative costs, and other general expenses. 
  
  Tips & Tricks: 
  When creating a cost element group for the general cost element, it is important to ensure that all of the necessary information is included in the group. This includes the type of cost, the amount of the cost, and any other relevant information. Additionally, it is important to ensure that all of the projects that will be assigned the cost are included in the group. 
  
  Related Information: 
  For more information on using general costs element in SAP Project System (PS), please refer to SAP Help documentation or contact your local SAP support team.