how to create chart of accounts in sap - Shikshaglobe

Content Creator: Preet.Sharma

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.

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

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.

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

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

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