SAP FICO Configuration

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.  

Credit Control area is used for controlling the credit exposure of  the company to a different operations with our partners. A prerequisite for defining a credit control area is the fiscal year variant which should be created or maintained already.  One Credit Control Area could be assigned to several company codes. You could set credit limits on individual customers as well as based on whole market on which the company is operating.   Transaction: OB45 IMG Path: Enterprise Structure -> Definition -> Financial Accounting -> Define Credit Control Area Table: T014     When you open the transaction you should hit …

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 …