how to create chart of accounts in sap - Shikshaglobe

Content Creator: Satish kumar

how to create chart of accounts in sap

This is a bit by bit instructional exercise to assist you with making Chart of Accounts in SAP FI. Before we start how about we examine,

What is a Chart of Account?

In SAP, the Chart of Accounts (COA) is characterized at the client level and alloted to each organization code. It is a rundown of General Ledger record's lord information that fall under various record gatherings of an organization code. This gathering component assists with growing better monetary reports.

Creating a Chart of Accounts in SAP involves several steps. Here's a general guide to help you understand the process:

1.     Access Transaction Code OB13: To begin, log in to your SAP system and access Transaction Code OB13, which is used to manage Chart of Accounts.

2.     Enter Company Code: In OB13, enter the Company Code for which you want to create the Chart of Accounts.

3.     Define Chart of Accounts: Click on the "Define Chart of Accounts" button to create a new Chart of Accounts or select an existing one from the list.

4.     Provide Basic Details: In the next screen, you will need to provide basic details for the Chart of Accounts, such as the Chart of Accounts key, Description, and Language. The Chart of Accounts key is a unique identifier for your Chart of Accounts.

5.     Define Account Groups: Account Groups categorize GL accounts based on their characteristics, such as Assets, Liabilities, Revenue, Expenses, etc. Click on the "Account Groups" button and define the relevant groups for your organization.

6.     Define GL Accounts: After defining the Account Groups, click on the "GL Accounts" button to define individual General Ledger (GL) accounts. For each account, you'll need to specify the GL account number, account name, account group, and other relevant information.

7.     Specify Account Control Data: In the GL account definition screen, you can specify account control data such as the account currency, reconciliation account settings, tax settings, and more.

8.     Assign GL Accounts to the Chart of Accounts: Once you have defined the GL accounts, you need to assign them to the Chart of Accounts you are creating. This step links the GL accounts to the specific Chart of Accounts you have defined.

9.     Save and Activate: After you have completed all the necessary configurations, save your settings. SAP will prompt you to activate the Chart of Accounts to make it available for use.

10. Check and Test: After activation, thoroughly review your Chart of Accounts to ensure it meets your organization's requirements. You may also perform test transactions to validate the functionality and correctness of the Chart of Accounts.

Click here to find out more

Please note that the actual steps and terminology used in SAP may vary slightly depending on the version and customization of your SAP system. It's essential to have the necessary authorization to perform these configurations, as Chart of Accounts is a critical component of financial accounting in SAP. It's advisable to consult with your organization's SAP experts or consultants for specific guidance and best practices during the Chart of Accounts creation process.

Sorts of Chart of Accounts

There are three sorts of Chart of Accounts, viz

Working graph of records: They are utilized to post everyday costs. The records in Operating Chart of Accounts could be either cost or income accounts, and the data is shared by Finance as well as Controlling modules.

Bunch Chart of Accounts: These are accounts utilized by the whole corporate gathering. They help in producing reports at the corporate

Country-explicit diagram of records: This Chart Of Accounts assist with meeting country-explicit legitimate prerequisites

In this instructional exercise, we will learn

Click here for details

General record accounting

All wide record accounts that are used for declaring are facilitated through expansive record accounting. In SAP a lot of all wide record accounts used by a connection or a party of affiliations is known as an outline of records. These are the records that will be used for the strategy of money related reports. Overwhelmingly most of the trades are kept in sub modules and they are obliged with the general records continually. Trades that ought to be conceivable in immediate, generally speaking, Accounting harden journal vouchers which are introduced on change or right trades. Reversals should in this manner be conceivable from general record accounting. Balances generally speaking record records can be shown and basis changes cleared out from the system.

Accounts receivables

Accounts receivables in FICO SAP is a sub module that gets all trades with clients and directions client accounts. Separate client records will be stayed aware of and when trades are posted in client accounts, compromise accounts overall are revived with the figures effectively. Trades accounts receivables join receipt posting, credit notice posting, beginning portions, receipt fragment, dunning and executing client reports.

Accounts payables

Accounts payables is a sub module that gets all trades with dealers and directions seller accounts. Separate vender accounts are stayed aware of and when trades are posted in client accounts, compromise accounts all over record are reestablished with the figures ceaselessly. Trades accounts payables cement receipt posting, credit update posting, beginning undertakings, receipt fragment, changed section program and executing transporter reports.

Asset accounting

Asset accounting in SAP FICO manages all trades related with assets for a section. Unequivocally when trades are posted in asset accounts, compromise accounts generally record are revived continuously. Trades asset accounting join asset acquiring, asset retirement, asset bargain, asset move, asset revaluation and asset debasing.

Click here to explore further

Instructions to Create Chart of Accounts

Instructions to Create Chart of Accounts (COA) Account Group

Instructions to Create Chart of Accounts

Enter Transaction code SPRO in the order field

In the following screen,Enter Following Data :

Enter a special Chart of Accounts Code , most extreme length is four

Enter a Description for the Chart of Accounts

Enter Language in which the Chart of Accounts is created.All accounts have a depiction in this language.Master Data must be shown or kept up with in this language

Enter the most extreme length for G/L Accounts number, it very well may be greatest to ten digits on the off chance that number is short, it will prefix zero preceding it to come to the greatest length

Enter the sort of reconciliation between G/L records and cost components

Enter Chart of Accounts which is utilized in the corporate gathering

Your gateway to success

In next screen-"Show IMG" explore the accompanying menu way

SAP Customizing Implementation Guide - > Financial Accounting - > General Ledger Accounting

-> G/L Accounts - > Master Data - > Preparations - > Define Account Group

In the following screen, Enter following Information

Enter the Chart of Accounts key in which the Account Group is to be made

Enter interesting Account Group key

Enter Description for the Account Group

Enter the number reach for the G/L record to be made in the Account Group.


Click Here For More Detail

How to Create Customer Sales Invoice FB70 in SAP FICO

How to Create One Time Customer FD01 in SAP

how to create customer account group in sap

Tags:

create chart of accounts in saphow to create chart of accounts in saphow to create chart of accounts in sap business onewhy do we create chart of accounts in saphow to create chart of accounts in sap b1how to create chart of accounts in sap s 4hanasteps to create chart of accounts in sapcreate chart of accounts in sap tcodehow to create group chart of accounts in sapcreate gl account in chart of accounts saphow to create country specific chart of accounts in saphow to create a chart of accounts in saphow to create alternative chart of accounts in saphow do you create a chart of accounts in saphow to create a chart of accountswhat are the chart of accountssap create account in chart of accountswhy create the chart of accountswhat is included in chart of accountswhat should the chart of accounts includesap create chart of accounts t codehow to create country chart of accounts in sapwhat is the chart of accounts used forcreate chart of accounts in sap ewmcreate chart of accounts in sap ecccreate chart of accounts in sap erpcreate chart of accounts in sap examplecreate chart of accounts in sap excelcreate chart of accounts in sap editcreate chart of accounts in sap exportcreate chart of accounts in sap erp 9create chart of accounts in sap extractcreate chart of accounts in sap extendhow to create chart of accounts in sap ficohow to create group chart of accounts in sap ficohow to create gl in chart of accounts sapwhat are chart of accounts in sapcreate group chart of accounts in sapcreate gl in chart of accounts sapcreate g/l account in chart of accountshow to create local chart of accounts in sapcreate chart of accounts in sap javacreate chart of accounts in sap journal entrycreate chart of accounts in sap java systemcreate chart of accounts in sap kbcreate chart of accounts in sap kbacreate chart of accounts in sap kicreate chart of accounts in sap keycreate chart of accounts in sap ke2create chart of accounts in sap keywordscreate chart of accounts in sap mmcreate chart of accounts in sap mdgcreate chart of accounts in sap mm pdfcreate chart of accounts in sap material mastercreate chart of accounts in sap meaningcreate chart of accounts in sap mm tcodecreate chart of accounts in sap multiplecreate chart of accounts in sap manycreate chart of accounts in sap mappingcreate chart of accounts in sap modulecreate new chart of accounts in saphow to create new chart of accounts in sapcreate chart of accounts in sap ppcreate chart of accounts in sap picreate chart of accounts in sap pmcreate chart of accounts in sap pocreate chart of accounts in sap purchase ordercreate chart of accounts in sap pdfcreate chart of accounts in sap pathcreate chart of accounts in sap peachtreecreate chart of accounts in sap printcreate chart of accounts in sap pullcreate chart of accounts in sap qmcreate chart of accounts in sap qbocreate chart of accounts in sap quickbookscreate chart of accounts in sap querycreate chart of accounts in sap quickbooks onlinecreate chart of accounts in sap quickbooks desktopcreate chart of accounts in sap quickbooks desktop 2020create chart of accounts in sap quickbooks for nonprofitcreate chart of accounts in sap quickencreate chart of accounts in sap quickbooks desktop 2019create chart of accounts in sap reportcreate chart of accounts in sap retailcreate chart of accounts in sap r3creating chart of accounts in sap r12tcode to create chart of accounts in sapcreate chart of accounts in sap ui5create chart of accounts in sap uomcreate chart of accounts in sap using excelcreate chart of accounts in sap uom tablecreate chart of accounts in sap using sq01create chart of accounts in sap using se16ncreate chart of accounts in sap usecreate chart of accounts in sap upcreate chart of accounts in sap uploadcreate chart of accounts in sap vendor mastercreate chart of accounts in sap variantcreate chart of accounts in sap variant configurationcreate chart of accounts in sap viewcreate chart of accounts in sap view groupcreate chart of accounts in sap vendorcreate chart of accounts in sap viewed and managedcreate chart of accounts in sap xicreate chart of accounts in sap xepcreate chart of accounts in sap xlscreate chart of accounts in sap xkcdcreate chart of accounts in sap xerouse of chart of accounts in sapcreate chart of accounts in sap zocreate chart of accounts in sap zapcreate chart of accounts in sap zmcreate chart of accounts in sap zscreate chart of accounts in sap zoho bookscreate chart of accounts in sap 10-50create chart of accounts in sap 11create chart of accounts in sap 2024-25

Featured Universities

Mahatma Gandhi University

Location: Soreng ,Sikkim , India
Approved: UGC
Course Offered: UG and PG

MATS University

Location: Raipur, Chhattisgarh, India
Approved: UGC
Course Offered: UG and PG

Kalinga University

Location: Raipur, Chhattisgarh,India
Approved: UGC
Course Offered: UG and PG

Vinayaka Missions Sikkim University

Location: Gangtok, Sikkim, India
Approved: UGC
Course Offered: UG and PG

Sabarmati University

Location: Ahmedabad, Gujarat, India
Approved: UGC
Course Offered: UG and PG

Arni University

Location: Tanda, Himachal Pradesh, India.
Approved: UGC
Course Offered: UG and PG

Capital University

Location: Jhumri Telaiya Jharkhand,India
Approved: UGC
Course Offered: UG and PG

Glocal University

Location: Saharanpur, UP, India.
Approved: UGC
Course Offered: UG and PG

Himalayan Garhwal University

Location: PG, Uttarakhand, India
Approved: UGC
Course Offered: UG and PG

Sikkim Professional University

Location: Sikkim, India
Approved: UGC
Course Offered: UG and PG

North East Frontier Technical University

Location: Aalo, AP ,India
Approved: UGC
Course Offered: UG and PG