Cost and performance accounting (KLR; also cost and revenue accounting (KER), cost accounting (KoRe) or operating result accounting) is a field of business administration. The main purpose of cost and performance accounting is to provide internal information for the short-term planning of costs and revenues and their control. As part of internal accounting, cost accounting is hardly subject to legal regulations in comparison to financial accounting.
The cost accounting function in SAP Business One allows you to define cost centres and Allocation rules and group them accordingly. By generating appropriate reports, the user receives valuable information about costs and cost drivers. projects and distribution rules are the two cost accounting methods offered by SAP Business One in this process.