SAP FICO Configuration

In the country Specific Checks you will find a validation rules for the country related fields like PO Code, Bank Account, Tax Number, VAT Number and other checks related to it.   Transaction: OY17 IMG Path: SAP NetWeaver -> General Settings -> Set Countries -> Set Country-Specific Checks Table: T005     Choose country for which you want to maintain the Country-Specific Checks.   Maintain the fields according to your needs:

In SAP you will hardly need this transaction, because almost all of the countries are defined within the standard installation. On rare cases, in relation with political or military shakes you could have a new country. Following transactions will help you define new country.   Transaction: OY01  IMG Path:  SAP NetWeaver -> General Settings  -> Set Countries  -> Define Countries mySAP Systems Transaction: OY07 IMG Path:  SAP NetWeaver -> General Settings  -> Set Countries  -> Define Countries mySAP Systems (CRM, SRM, SCM,…) Table: T005     Both transactions are managing different settings. Be careful when you are maintaining these settings, …

You could assign several company codes to one company as in the case which was briefly described in post for defining a company. This will help later in the consolidation where company code are under company. Transaction: OX16 IMG Path: Enterprise Structure –> Assignment –> Financial Accounting –> Assign Company Code to Company Table: T001 After entering in the transaction, find the company code and enter already defined Company in the field next to it..     Save the entry and assign the configuration to related customizing request. btw. You could also assign Company to Company Code from global …

Company code is the most important organizational structure for Accounting. It is mandatory and you will not be able to do anything without it. A lot of the objects in SAP ERP are assigned and are depended on Company Code, so in the most cases you will start with that. Transaction code: OX02  IMG Path: Enterprise Structure –> Definition –> Financial Accounting –> Edit, Copy, Delete, Check Company Code Table:  T001     If you use the transaction code you will not get the following selection screen.   First chose “Edit Company Code Data” and choose “New Entries” :   …

There is a difference between Company Code and Company. Company is mandatory, but it is necessary for consolidation. In most cases you will have one to one relationship between company code and company, but there will be cases where you have one legal entity which is operating in different countries. Every country will have different requirements for external reportin, therefore it would be necessary to create company code for every country and assign them to the Company ID for consolidation purposes. Transaction: OX15 IMG path: Eterprise Structure –> Definition –> Financial Accounting –> Define Company Table: T880     Click on …