Ssf sap configuration guide code#

Since we have two applications- ECC and S/4HANA. Now see the process to define chart of accounts in SAP.

Ssf sap configuration guide code#

BlockedвЂ“ If you select this indicator, then you are not able to create any new G/L accounts in the company code from this chart of accounts.Group of Chart of Accounts in SAPвЂ“ This chart of account is used for company consolidation.You may also set the system to have the cost elements created manually using the appropriate transactions (Transaction KA01 for creating a primary cost element and Transaction Code KA02 for creating a secondary cost element). ( Remember, you can use Transaction Code OKB2 for this). Provided if you have maintained a default Cost Element Category. Here, the system automatically creates the required cost elements for the option AUTOMATIC Creation of Cost Elements. SAP Controlling IntegrationвЂ“ This field indicates how the system should create cost elements when we create New G/L accounts.Length of G/L Account NumberвЂ“ Enter (1-10) as the length of the G/L account number.However, only if we use the same chart of account in other company code. We can easily translate the account names to a target language from the maintenance language. Consequently, all the G/L accounts of this chart have their descriptions in this language. Maintenance Language вЂ“ Select ENGLISH as the maintenance language.Chart of Accounts вЂ“ Enter the four-character identifier.Values to Maintain for defining Chart of Accounts in SAP You may like to read: Scenarios in SAP General Ledger Accounting We also call it the Corporate Chart of Accounts. However, the assignment of a group chart of accounts to a company code is not mandatory. We use a group chart of accounts in SAP for consolidating all company codes with a dissimilar operating chart of accounts belonging to a company. Subsequently, you can establish the linkage by entering the country chart of G/L account number in the alternate Account number field of GL Master Record. Although it is optional to assign to a company code, you need such a chart when you work with a different operating chart of accounts. The country chart of accounts in sap helps to meet the country-specific legal requirements. Country Specific Chart of Accounts in SAP However, we can assign the same chart to more than one company code. Each company code works with exactly one operating chart of accounts. Noteworthy, this can be different from the country chart of account. We also call them the standard chart of accounts. The operating chart of accounts in SAP is used for recording the day-to-day transactions in a company code. We have three types of Chart of Accounts.