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Concept of Group chart of Accounts

Hi,

This is Sudhan Pls any body can tellme the concept and flow of steps which r needed to Group Chart of Accounts.

Thanks for One and all

pls mail me to my personal:vmadhu999@yahoo.co.in

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3 Answers

  • Jul 09, 2007 at 11:18 AM

    Hi, this goes like this:

    first, you have to create the new chart of accounts in table T004 (transaction OB13). Then, in the same transaction, enter the new group CoA for your operational chart(s) of accounts, field T004-KKTPL.

    As a result, the field group account number (SKA1-BILKT) in your operational chart of accounts will become mandatory. Of course, you need to create some group accounts, transaction FSP0, in your group chart of accounts first.

    The T004 entry for the group chart of accounts is quite basic, and I would recommend not to overcomplicate T077S (account groups, transaction OBD4) neither. One account group should be enough, and you do not have to worry about field status - group accounts are only created on chart of accounts level, so the company code level fields are not relevant at all. (Unless your group CoA is used by other company codes as an operational CoA).

    Further impacts: the group account number can be changed even if there is a balance on the operational account in at least 1 company code. This may lead to a faulty balance sheet. Message FH 167 can be changed to error (default is warning) if you like (see table T100C).

    Also, you may need to add a new financial statement version (T011, transaction OB58) having the group accounts from the group CoA assigned. For this financial statement version, you should tick the corresponding flag on OB58 (T011-XERGS).

    Hope this helps, points welcome 😊

    Csaba

    > Hi,

    > This is Sudhan Pls any body can tellme the concept

    > and flow of steps which r needed to Group Chart of

    > Accounts.

    >

    > Thanks for One and all

    > pls mail me to my personal:vmadhu999@yahoo.co.in

    Add comment
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    Former Member
    Jul 09, 2007 at 11:08 AM
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    Former Member
    Jul 09, 2007 at 11:18 AM

    Hello

    Assume a multi company code scenario in different countries.

    All the company codes adopt a common operative chart of accounts.

    In other words the GL account numbers are same but assigned / created seperately for each company code.

    We define another chart of accounts in similar way but assign this to the operative chart of accounts.

    We make sure the FSV's are different for each of the COA.

    Now the data flows to GCOA and OCOA.

    From OCOA, if we make settings in alternative COA, postings to country specific COA is also possible.

    The purpose of GCOA is for consolidation across company codes.

    Reg

    *assign points if useful

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