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Former Member

No corporate chart of accounts is defined for your chart of accounts

Hi

I want to know what can be the reason if GLs exist at the chart of accounts level and not at the comany code level even though the company code is assigned to the chart of accounts .

When I go to create the Gl at CoCd leve it says 'No corporate chart of accounts is defined for your chart of accounts'.

Please suggest, (the Chart of accounts has been copied)

thanks

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3 Answers

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    Former Member
    Oct 21, 2008 at 04:11 AM

    hi,

    the chart of accounts are three types

    1.operating chart of accounts

    2.Country chart of accounts

    3.group chart of accounts

    Charts of accounts can have three different functions in the system:

    Operating chart of accounts

    The operating chart of accounts contains the G/L accounts that you use for posting in your company code during daily activities. Financial Accounting and Controlling both use this chart of accounts.

    You have to assign an operating chart of accounts to a company code.

    Group chart of accounts

    The group chart of accounts contains the G/L accounts that are used by the entire corporate group. This allows the company to provide reports for the entire corporate group.

    The assigning of an corporate group chart of accounts to a company code is optional.

    Country-specific chart of accounts

    The country-specific chart of accounts contains the G/L accounts needed to meet the country's legal requirements. This allows you to provide statements for the country's legal requirements.

    The assigning of an country-specific chart of accounts to a company code is optional.

    _.

    Use

    You can enter a group account number as additional information in the G/L accounts of the chart of accounts you are using. The system checks whether the group account number exists in the corporate chart of accounts.

    Example

    If the structure of the chart of accounts is predetermined by national legal requirements, you can define a corporate chart of accounts. All accounts receive a group account number which is the same for all accounts of that particular type in various different charts of accounts.

    For consolidation purposes, you can define the balance sheet and P+L by using group account numbers, i.e. they do not need to be defined differently per country.

    path - spro -img - financial accounting - general ledger accounting - master data - g/l accounts - preparation - Edit chart of accoun list ( OB13 )

    t.code ob13 matain chart of accounts under u will matain Group chart of accounts

    1.define account groups obd4

    t.code ob62 assign ur chart of accounts ur company code

    Accounting -> Financial accounting -> General ledger -> Information system -> General Ledger Reports -> Master Data -> -> Chart of Accounts Chart of Accounts.

    Description

    The Chart of Accounts program is used to display G/L account master data which is not specific to the company code and print out G/L account lists. You can use it for informational and documentation purposes.

    Output

    You can specify selection criteria to limit the number of G/L accounts printed.

    The system displays the G/L account number and long text first. Double-click an account in the list to display additional master data that is not specific to the company code.

    Edited by: janaki ram on Oct 21, 2008 6:19 AM

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    • Former Member Former Member

      If u want to create operating coa u hav to create separate coa for ur two company codes. If u maintain only one coa for both the company codes it will b group coa which is used by entire corporate group.

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    Former Member
    Oct 21, 2008 at 05:07 AM

    Hi,

    Can anybody explain in detail the difference between the profitability segment and segment. They are one and the same or they are separate. Plz explain in detail

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    Former Member
    Oct 21, 2008 at 05:07 AM

    Hi,

    Can anybody explain in detail the difference between the profitability segment and segment. They are one and the same or they are separate. Plz explain in detail

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