It is Sunday morning and I would like to take a small break from my efforts to create a basic FICO Configuration guides. It is fun to make it while learning, but just for a while I wanted to diversify my SAP journey. As most of you are doing, I entered google and search for a SAP event in 2014.  In my quick research I ended into a SAP official page with a video keynote called – The Future of Enterprise Applications presented in Orlando on the SAP summit during 5th to 7th of May, 2014. …

  Transaction: KSH1 Menu: Accounting -> Controlling -> Cost Center Accounting -> Master Data -> Cost Center Group -> Create     Choose your controlling area.     Fill the Cost Center Group Field and hit “Enter”.   Create the first level Cost Group.   If you want to insert lower level cost center group, click on the “Lower Level” button.

When we have created Controlling area with Assigned Fiscal Year and Chart of Accounts, it is time to assign our Company Code to it. The Company Code should have the same Fiscal Year Variant and Chart of Accounts.   Transaction: OX19DE IMG Path: Enterprise Structure –> Assignment –> Controlling –> Assign company code to controlling area Table: TKA02     When you are in the transaction, find and mark your controlling are and click on the “Assignment of company code(s)”.     Click on “New Entries” to assign your new Company Code.   Fill your Company Code and save the configuration.

  Controlling Area is the highest organizational structure in (CO) Controlling/Management Accounting. You could assign either one or several company codes to particular Controlling Area. Assigning several several company codes to one controlling area is only possible when all of them use the same Operational Chart of Accounts and Fiscal Year Variant. In this way could have cross-company code internal reporting. Transaction: OX06 IMG Path: Enterprise Structure –> Define –> Controlling –> Maintain Controlling Area Table: TKA01     If you choose to open the transaction through img menu, you will get following screen. choose “Maintain Controlling Area”. …

When we have Credit Control Area and Company Code we could assign the Company Code to one Credit Control Area. In this way it is possible one Credit Control Area to be assigned to more than one Company Code.   Transaction: OB38 IMG Path: Enterprise Structure -> Assignment -> Financial Accounting -> Assign company code to credit control area Table: T001     On the transaction screen, find your Company Code and assign the already defined Credit Control Area.