Creation of G/L Accounts

Creation of G/L Accounts

A. SBI Rupees term loan - Secured loan group (100300 - 100399)

B. Interest Account - Interest group (400400 - 400499)

To check account group for the accounts to be created follow the following path

Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - GL accounts - Master Data - Preparation - Define Account Group (transaction code is OBD4)

Step 1) In the next screen scroll down to find the position button and click on it

Step 2) Enter the Company code that we defined previously
Press Enter

Now we can find the Account Group, name, From Account and To Account details of the G/L accounts to be created

G/L Creation (Use Transaction code - FS00)

A. SBI Rupees term loan

Step 1) Give the G/L account number, Company code and press With Template button in order to create a new G/L account with reference to another G/L account

Step 2) Enter the G/L (Equity share capital ) and Company code
Press enter

Step 3) Change the Account group to Secured Loans, change the short and long text.
Select Create/bank/interest tab

Step 4) Field status group change to G005
Interest Indicator select M1

Step 5) Select save button we get message below

B. Interest Account

Step 1) Give the G/L account number, Company code and press With Template button in order to create a new G/L account with reference to another G/L account

Step 2) Enter the G/L (Salaries Account ) and Company code
Press enter

Step 3) Select Type/Description tab
Change the Account group to Interest, change the short and long text
Other fields common

Step 4) Select save button we get message below