Enter Global Parameters

SAP IMG Path : – SPRO -> SAP Reference IMG (F5) -> SAP Customizing Implementation Guide -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Enter Global Parameters.

Transaction Code: – OBY6

Enter Global Parameters for Company Code - OBY6

Double click on your company to enter global parameters

company code global parameters

Update the following fields.

Chart of accounts: –   chart of accounts is a list of GL accounts master records that are used by the organization. A chart of accounts must be assigned to each company code and it is defined at the client level.

> Country charts/Accounts:-Enter the country chart of accounts if the company code that you configured has a special country or statutory chart of accounts.

Company: Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise one or more company codes and it has local currencies in which its transactions are recorded.

  > FM Area: – Enter the Financial management  (FM) is key if you are using funds management and it is used for the function of the treasury module. 

> Credit Control Area: – Enter your credit control area key for your company code. It controls the credit limits for your customers.

Fiscal Year variant: –  Fiscal year variant is used to define the fiscal year, it contains 12 normal posting periods and 4 special periods. We can define a maximum of 16 posting periods for each year.  Special periods are used for Year-end activities.

> Company code is productive:- This setting is applicable for your production client., it is not possible to delete transaction data from the SAP system after you set your company code as productive.

> Vat. Registration no: – Enter vat (value added tax) registration number here.

Posting period variant: – The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods remain balanced and reconciled.

> Propose value data:-  Select this indicator to make the current date the default date by the system. The valued date is used for accounts payable, accounts receivable, and treasury transactions.

> Max. Exchange rate deviation: – Enter the maximum exchange rate percentage in which foreign currency transactions can deviate from the rates entered in the exchange rate table.

Enter Global Parameters for Company Code - OBY6

After updating all the mandatory fields, click on the save icon to save the configured data.