BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Client
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Company Code
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Chart of Accounts
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Credit Control Area
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Detailed explanation-1: -How To create a New General Ledger Account. Step 1) Enter Transaction FS00 into the SAP command prompt, click execute. Enter G/L Account no. Click Create.
Detailed explanation-2: -Dear, Once GL code is created in chart of account level through transaction code FSP0, you can create company code level manualy through transaction code FSS0. before that you need to assign the same chart of accounts in the company code through Transaction code OB62.
Detailed explanation-3: -Account Group This field is a required entry which means we cannot proceed without populating this field. The account group determines the fields for the entry screens if the user creates or changes a general ledger master record in the company code.
Detailed explanation-4: -In SAP, the Chart of Accounts (COA) is defined at the client level and assigned to each company code. It is a list of General Ledger account’s master data that fall under different account groups of a company code. This grouping mechanism helps to develop better financial reports.