CREATION OF CHART OF ACCOUNTS
Chart of Accounts is used while creating the account groups. Chart of accounts account groups is a list of General Ledger accounts used by the organisation. Before creating Account groups defining Chart of Accounts is compulsory. Chart of Accounts is defined at client level and assigned to company code. Multiple company codes can use the same Chart of Accounts.
Types of Chart of Accounts
1) Operating Chart of Accounts - It is the list of all general ledger accounts to which daily business transactions are posted. It is mandatory for every company code to be assigned to one operational chart of accounts.
2) Group Chart of Accounts - It contains list of general ledger accounts used by the corporate group to prepare the consolidated financial statements.
3) Country Specific Chart of Accounts - It contains the general ledger accounts necessary to meet country specific legal requirements.
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - GL accounts - Master Data - Preparation - Edit Chart of Accounts List (transaction code is OB13)
Select the menu path
Step 1) Select New Entries button
Step 2) Enter the data in the next screen
Note: Under Status deselect the Blocked check box (do not select blocked check box)
Length of G/L account number (min 6 max 10)
Step 3) Select the save button
and press enter to save in your request
You have now created a new Chart of Accounts.
Chart of Accounts is used while creating the account groups. Chart of accounts account groups is a list of General Ledger accounts used by the organisation. Before creating Account groups defining Chart of Accounts is compulsory. Chart of Accounts is defined at client level and assigned to company code. Multiple company codes can use the same Chart of Accounts.
Types of Chart of Accounts
1) Operating Chart of Accounts - It is the list of all general ledger accounts to which daily business transactions are posted. It is mandatory for every company code to be assigned to one operational chart of accounts.
2) Group Chart of Accounts - It contains list of general ledger accounts used by the corporate group to prepare the consolidated financial statements.
3) Country Specific Chart of Accounts - It contains the general ledger accounts necessary to meet country specific legal requirements.
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - GL accounts - Master Data - Preparation - Edit Chart of Accounts List (transaction code is OB13)
Step 2) Enter the data in the next screen
Note: Under Status deselect the Blocked check box (do not select blocked check box)
Length of G/L account number (min 6 max 10)
Step 3) Select the save button
and press enter to save in your request