Material Ledger and Actual Costing

Keep this: job aid

Material ledger and actual costing cheat sheet

• Ledger: always active in S/4HANA. Actual costing: optional, per plant, a design decision.
• Price control S or V is unchanged; price determination 2 = transaction-based, 3 = actual costing.
• Currencies: up to three, translated at historical rates; define them explicitly in the ML type (OMX2/OMX3).
• Views: legal, group, profit center. Activate only what you will report and test.
• Run (CKMLCP): Selection, Preparation, Settlement, Post closing, optional Mark prices. Closed period only.
• Error list: every run has a named owner; unsettled components block the levels above.
• Analysis (CKM3): beginning, receipts, cumulative, consumption, ending. Trace total → process → document → owner.
• Tests: expected PUP and distributions on paper first; sample high-value and multilevel materials.
• Exit: ledger vs G/L inventory per plant, account and currency reconciles, every difference explained.
• Conversion: finish all costing runs first; compare stock values with the pre-conversion extract.