What is receiving cost center in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: receiving cost center

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: A cost center to which overhead costs are distributed from another cost center.

Smart SAP Assistant

• Key Concepts: 
  A receiving cost center is a type of cost center in SAP that is used to record the costs associated with receiving goods from vendors. It is part of the SAP SRD-FIN-COR FIN-Cost and Revenue Accounting component. The cost center is used to track the costs associated with receiving goods, such as freight, handling, and other related expenses. 
  
  How to use it: 
  In order to use a receiving cost center in SAP, you must first create the cost center in the system. This can be done by navigating to the Cost Center Master Data screen and entering the necessary information. Once the cost center has been created, it can be assigned to a vendor or a purchase order. When goods are received from the vendor, the costs associated with receiving them will be recorded in the receiving cost center. 
  
  Tips & Tricks: 
  When creating a receiving cost center in SAP, it is important to ensure that all of the necessary information is entered correctly. This includes the name of the cost center, its description, and any other relevant information. Additionally, it is important to ensure that the cost center is assigned to the correct vendor or purchase order. 
  
  Related Information: 
  For more information on using receiving cost centers in SAP, please refer to SAP's official documentation on Cost and Revenue Accounting. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP.