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Former Member

company and company code

Hi

What is the difference between company and company code ?

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    author's profile photo Former Member
    Former Member
    Posted on May 15, 2007 at 01:54 PM

    Hi Satya,

    Company Code is a legal entity for which financial statements like Profit and Loss and Balance Sheets are generated. Plants are assigned to the company code, Purchasing organization is assigned to the company code, and Sales organization is assigned to the company code.

    A company is an organizational unit in Accounting which represents a business organization according to the requirements of commercial law in a particular country.

    In the SAP system, consolidation functions in financial accounting are based on companies. A company can comprise one or more company codes.

    All company codes for a company must work with the same operational chart of accounts and fiscal year. The currencies used can be different.

    Assign points if useful

    Regards

    Genie

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