understanding chart of accounts(COA)in sap fico
- sarithasivaram06
- May 5
- 1 min read
COA is list of General Ledger accounting(G/L) in finance, used to record all the financial transactions. Which helps the business to manage their finances by providing clear structure to track assets,liabilities,income and expenses.
Types of Chart Of Accounts
Operative chart of accounts is used by company code to post day today business transactions.
Group chart of accounts is used to prepare consolidated financial statements across different company codes.
Country specific chart of accounts is used to meet the legal or statutory requirement of the country. It is optional and if needed can be used in addition to the operating COA.
Here lets assume our cocd follows operative chart of accounts
EDIT CHART OF ACCOUNT LIST
T CODE:OB13
PATH:SPRO>SAP REFERENCE IMG>FINANCIAL ACCOUNTING>GENERAL LEDGER ACCOUNTING>MASTER DATA>GL ACCOUNTS>PREPARATIONS>EDIT CHART OF ACCOUNTS LIST
Now we can assign this chart of accounts to our Company Code
ASSIGN COMPANY CODE TO CHART OF ACCOUNTS
T CODE:OB62
PATH:SPRO>SAP REFERENCE IMG>FINANCIAL ACCOUNTING>GENERAL LEDGER ACCOUNTING>MASTER DATA>GL ACCOUNTS>PREPARATIONS>ASSIGN COMPANY CODE TO CHART OF ACCOUNTS.
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