Tag Archives: Chart of Accounts

When we have Chart of Accounts, it is time to structures our General Ledger (GL) Accounts. The Account Groups will help to separate different GL types as Equity Accounts, Fixed Assets, Accounts Receivable, Accounts Payable, Revenues, Materials, Overheads, etc. Account Groups will also give an opportunity to define rules for field status. For example, cost center is required for expense accounts and hidden for Equity Accounts. Transaction: OBD4 IMG Path: Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L Accounts -> Preparations -> Define Account Group Table: T077S     When …

When we have already defined Chart of Accounts we could now assign it to a Company Code. As it was already mention, we could assign one Chart of Accounts to several Company Codes. This is one of the prerequisites for maintaining uniform Controlling Area within several Company Codes.   Transaction: OB62 IMG Path:  Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L Accounts -> Preparations -> Assign Company Code to Chart of Accounts Table: T001       When you open the transaction. Find you company code and fill the already defined Chart of …

Chart of Accounts is a structured list of General Ledger (GL) Accounts which we are using to report our ledger postings. For maintaining one controlling area to several company codes it is mandatory that the same Chart of Accounts will be used by all company codes in that controlling area. In this configuration we are defining the main language and the length of the GL accounts. Transaction: OB13 IMG Path: Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L accounts -> Preparations -> Edit Chart of Accounts List Table: T004   …