FI Configuration-03: Assign Company Code to Chart of Accounts

In the previous article we have created company code and chart of accounts. The next thing we have to do is to assign company code to chart of accounts. Each company code must have one chart of accounts (COA) for its general ledger (you can read our article to know about company code and how to create it). The COA must be assigned to the company code. A COA can be assigned to several company codes which means that these company code’s general ledgers have the same structure.

We can Assign Company Code to Chart of Accounts with “OB62” T-code or through “SPRO” T-code menu: Financial Accounting – General Ledger Accounting – G/L Accounts – Master Records – Preparations – Assign Company Code to Chart of Accounts.
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FI Configuration-02: Create Chart of Accounts

After creating company code, the next thing we have to do is creating Chart of Accounts (COA).In SAP R/3 term, Chart of Accounts is a unique four alphanumeric code that represents the structure of group of General Ledger (G/L) accounts. The COA contains the definition of all G/L accounts such as their account number, account name, and the type of G/L account (whether the account is a Profit &Loss; /P&L; type account or a balance sheet type account).

Each company code must have one chart of accounts (COA) for its general ledger (you can read our article to know about company code and how to create it). The COA must be assigned to the company code. A COA can be assigned to several company codes which means that these company code’s general ledgers have the same structure.
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FI Configuration-01: Create Company Code

For all this time we have sold a collection of video trainings (SAP FICO minimal configuration for MM posting). May be some of you have purchased them from us for USD 55 price. We have gotten some positive testimonials from our customers. But, today, with the spirit of knowledge sharing (along with our SAP Forum launching) we announce that we will give them for free for everyone.

The video trainings are actually the video of computer-screen-capture of SAP FI minimal configuration process to allow MM posting. There are 22 video files of them. Each video contains SAP help screen for each step. But they don’t contain any other explanation. To help your SAP learning process, we will excel the video training with an easy-to-understand explanation about the relevant SAP concept (like other articles posted here). To do so, we will post it one by one (step-by-step) here, so it gives us time to write the good quality article. So stay visiting us and you can subscribe here to get the latest update of our website.

The first step of FI configuration is to Create Company Code. Continue reading