G/L Settings
Configuration Document
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G/L Settings
Contents
Define Chart of Account ......................................................... 2
Assign Company Code to Chart of Accounts ....................... 3
Define account group ............................................................. 3
Define Retained earning account ........................................... 4
Few Mandatory Setting ................ Error! Bookmark not defined.
Define Controlling Area - OKKP .. Error! Bookmark not defined.
Creation of GL account or GL Master data ............................ 6
© By: Kumar Consulting // Website – kumarconsulting.in
Page 1
G/L Settings
Define Chart of Account
Note:
Chart of Account consist of list of GL account, and can be assigned to one or more than one company
code.
Procedure
Access the activity using one of the following navigation options:
Transaction code OB13
IMG path SPRO SAP Reference IMG Financial Accounting
General Ledger Accounting G/L Accounts Master Data
Preparations Edit Chart of Accounts list
Implementation
Click on and fill up the details as mentioned below and save it.
© By: Kumar Consulting // Website – kumarconsulting.in
Page 2
G/L Settings
Assign Company Code to Chart of Accounts
Description
In this step we assign COA to respective company code.
Procedure
Access the activity using one of the following navigation options:
Transaction code OB62
IMG path SPRO SAP Reference IMG Financial Accounting
General Ledger Accounting G/L Accounts Master Data
Preparations Assign Company Code to Chart of Accounts
Implementation
Click on position, give your company code, press enter button and assign Cart of Account code as
shown below.
Save it.
Define account group
Description
The account group controlling the field which appear during creation of G/L master and it also control the
number range.
Procedure
Access the activity using one of the following navigation options:
Transaction code OBD4
IMG path SPRO SAP Reference IMG Financial Accounting
General Ledger Accounting G/L Accounts Master Data
Preparations Define Account Group
© By: Kumar Consulting // Website – kumarconsulting.in
Page 3
G/L Settings
Implementation
Click on and fill up the details as mentioned below, then press enter and save it.
Define Retained earning account
Description
Retained Earnings Account is created and used to carry forward the balance from one fiscal year to the
next fiscal year.
Procedure
Access the activity using one of the following navigation options:
Transaction code OB53
IMG path SPRO SAP Reference IMG Financial Accounting
General Ledger Accounting G/L Accounts Master Data
Preparations Define Retained Earnings Account
Implementation
Enter chart of account e.g TM01, and press enter.
© By: Kumar Consulting // Website – kumarconsulting.in
Page 4
G/L Settings
In P&L statement field give “X” and Account field should be blank (as therer is no GL created as of now).
Press enter buttton twice and save it.
© By: Kumar Consulting // Website – kumarconsulting.in
Page 5
G/L Settings
Creation of GL account or GL Master data
Transaction code – FS00
Enter your company code as shown below.
Click on in menu bar then Click on Hirarchy display then after click on Display account in
navigation tree (as shown in below screen).
© By: Kumar Consulting // Website – kumarconsulting.in
Page 6
G/L Settings
Press Enter
Again use /NFS00 in command field again.
Screen will have a diffrent appreance here.
Now create a new GL account.
Click on creat button and give GL account no. and company code number.
Press Enter button and flll up the details as shown below.
Click on
Fill up the details as shown on below screen.
© By: Kumar Consulting // Website – kumarconsulting.in
Page 7
G/L Settings
Click on tab and fill up the details as shown on below screen.
Save it.
Note: All expnase or revenue G/Ls are part of P&L account and all Assets or Liability G/Ls are
part of Balance sheet account.
Assignment: Create G/L account for Rent or purchase etc as created above.
© By: Kumar Consulting // Website – kumarconsulting.in
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