Creating 2 G/L Masters

Creating 2 G/L Masters (Use t.code FS00)

1. Inventory Raw Material Account - Under Current assets account group

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 we created previously (cash account) and Company code

Step 3) Change the short and long text
Select Create/bank/interest tab



Step 4) Field status group change to G001
Deselect Relevant to cash flow check box

Step 5) Select save buttonwe get message below

2. Sundry Creditors - Under Current liabilities and provisions account group

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 we created previously (O/S expenses account) and Company code

Step 3) Select Type/Description tab and change short and long text

Step 4) Select the Control Data tab
Deselect Only balances in local currency check box
Reconciliation account for account type select vendors
Deselect Open item Management check box
Sort key select 012 (vendor number) from drop down

Step 5) Select Create/bank/interest tab and change
Field status group to G067 (reconciliation accounts)

Step 6) Select save button  we get message below