1. Common set of Accounts à accounting coding should be same, and then only you can compare and consolidate between company code or business areas.
2. Separate set of Accounts:
3. Group chart of Accounts:
In this case you have to give 2 No (Company code Number + Group code Number)
*Companies they follow common set of Accounts
Chart of Accounts name
Description
Maintenance language
Length of the Account Number àMax 10 digits
But companies are normally using 6 digits.
Path of chart of Accounts
SPRO àFinancial Accounting à General Ledger Accounting
G/L Accounts àMaster Records àPreparation àEdit chart of Accounts list
Double click on IMG Activity button (T.Code OB13)
From the Menu select system status à short cut
Select New Entries button
Chart of Accounts ---> AML (Max 4 characters)
Description àChart of Accounts for Aravind Group
Maintenance Language --> Select English
Length of G/L Account no: enter 6
Controlling integration àSelect Manual creation of cost element
Group chart of Accounts àBlank
Under status àBlocked àDeselect Blocked Check Box
Use of Block is to avoid duplicate Accounts creation.
Once you complete you can select save button
Press Enter to save in your request.
Assign Company Code to chart of Accounts:
Path: SPRO àFinancial Accounting àGeneral Ledger AccountàG/L Accounts à Master Records àPreparations àAssign company code to chart of Accounts. (T. code OB62)
Select Position Button
Give the Company code AML àpress Enter.
For the company code AML assign chart of accounts AML
Select save button or (ctrl + s) button
Press Enter to save your request.
Account Groups:
1. Liabilities - 1.series
2. Assets - 2.series
3. Income- 3.series
4. Expenditure- 4.series
Path: SPRO àSAP Ref IMG àFinancial Accounting à General Ledger Accounting à G/L Accounts àMaster Records àPreparations àDefine Account Group (Transaction code OBD4)
Select New Entries button.
Chart of Accounts:
Give the chart of Accounts --> AML
Chart of accounts
|
Account group
|
Name
|
From Account
|
To Account
|
AML
|
SCPL
|
Share Capital
|
100000
|
100099
|
AML
|
RSPL
|
Reserves & Surplus
|
100100
|
100199
|
AML
|
ACDN
|
Accumulated depreciation
|
100200
|
100299
|
AML
|
SCLN
|
Secured Loans
|
100300
|
100399
|
AML
|
UNSL
|
Unsecured Loans
|
100400
|
100499
|
AML
|
CLPR
|
Current liabilities &provisions
|
100500
|
100599
|
AML
|
FAST
|
Fixed assets
|
200000
|
200099
|
AML
|
CAST
|
Current Assets, Loans and advance
|
200100
|
200199
|
AML
|
Sales
|
300000
|
300099
| |
AML
|
OTHR
|
Other Income
|
300100
|
300199
|
AML
|
INCR
|
Increase/Decrease in stocks
|
300200
|
300299
|
AML
|
RMCN
|
Raw Material consumption
|
400000
|
400099
|
AML
|
PRSN
|
Personnel Cost (Staff cost)
|
400100
|
400199
|
AML
|
MFRG
|
Manufacturing
|
400200
|
400299
|
AML
|
ADMN
|
Administration
|
400300
|
400399
|
AML
|
INTR
|
Interest
|
400400
|
400499
|
AML
|
DEPR
|
Depreciation
|
400500
|
400599
|
Once you complete select save button or (ctrl +s) save in your request.
Retained Earnings Account:
Year Ending
P&L Account Balance àSurplus in P&L A/Cs transfer to Reserves & Surplus.
Balance sheet Account balance àcarry forwards to next year à Opening Balance for next year.
Assign one Account for retained earnings à100100.
Path: SPRO à Financial Accounting à General Ledger Accounting àG/L Accounts àMaster Records àPreparations àDefine Retained Earnings Accounts. (T. Code OB53
Give your chart of Accounts AML
Press Enter.
P&L Statements Accounts Type Account
X 100100
Select save button or (ctrl + s)
It gives the Message, Account 100100 not created in chart of Accounts AML
Ignore the message press Enter. Press Enter once again to save in your request.
Fiscal Year
Indian Company – Apr to March + 4 Special Periods –V3
U.S.Company - Jan to Dec + 4 Special Periods -K4
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