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Former Member

Chart of Account

Hi Guys,

In our SD , G/L account is determines depending upon the:

Application, Condition type,Chart of Accounts,Sales org.,Acct assignment group for Customer, Acct Assgnmt for Material, and Account key . Can anyone explain me from where the Chart of Account comes in Picture.No where we are maintaing and assigning the Chart of accounts.

How its related to our configuration and whats its functionality ?

Thanks in abvances,

Kumar

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5 Answers

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    Former Member
    Nov 03, 2008 at 10:04 AM

    Hi,

    Chart of a/c is determined from the company code u r selling from. 1 company code is assigned to exactly 1 chartof a/c in FI customizing and not in SD.So, it gets determined automatically.

    Sam

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    Former Member
    Nov 03, 2008 at 10:05 AM

    Dear Kumar,

    Chart Of Account is related to the Finance.

    FI people will define the G/L accounts under Chart of accounts.

    When you assign the G/L account in the Revenue account determination system will allow only the G/L accounts which were defined under that specific Chart Of Accounts.

    Chart of accounts (FI)

    A classification scheme consisting of a group of general ledger (G/L) accounts.

    A chart of accounts provides a framework for the recording of values to ensure an orderly rendering of accounting data. The G/L accounts it contains are used by one or more company codes.

    For each G/L account, the chart of accounts contains the account number, the account name, and technical information.

    A chart of accounts must be assigned to each company code. This chart of accounts is the operative chart of accounts and is used in both financial accounting and cost accounting. Other charts of accounts include:

    Country-specific charts of accounts -

    These are structured in accordance with legal requirements of the country in question

    Group chart of accounts -

    This is structured in accordance with requirements pertaining to Consolidation.

    Link through G/L account,Company code.

    I hope this will help you,

    Regards,

    Murali.

    Edited by: Murali Mohan.Tallapaneni on Nov 3, 2008 11:05 AM

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  • Nov 03, 2008 at 10:05 AM

    Hi kumar

    We will be assigning the chart of accounts to our company code , credit control area , Controlling area . These three are very important .But there are many things which are configured mainly by FI consultants .

    So when you copy the company code system will ask for chart of accounts ,and when you give INT, all G/L accounts well get copied .Those G/L accounts you will assign in Revenue account determination

    Just check the enterprise structure. It will be easy for you .

    Regards

    Srinath

    Edited by: sri nath on Nov 3, 2008 3:35 PM

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    Former Member
    Nov 03, 2008 at 10:05 AM

    Hello,

    Chart of Accounts : A classification scheme consisting of a group of general ledger (G/L) accounts. A chart of accounts provides a framework for the recording of values, in order to ensure an orderly rendering of accounting data. The G/L accounts they contain are used by one or more company codes.

    For each G/L account, the chart of accounts contains the account number, the account name and other, technical information.

    A chart of accounts must be assigned to each company code. This chart of accounts is the operative chart of accounts and is used in both financial accounting and cost accounting.

    Transaction codes:

    1) Create Chart of acount (OB13)

    2) Create account groups as per ur own list of GL's and give no range (OBD4)

    3) Asign Chart of account to ur company code (OB62)

    4) Define retained earning account (OB53) .

    This is strictly a Finance activity.

    Prase

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    Former Member
    Nov 03, 2008 at 10:06 AM

    Hi

    Chart of accounts is taken from company code t code OBY6

    without this account assignment cant happen

    This is FI settings configured by FI consultants

    Regards

    Raja

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