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How to Create a Company in SAP | Define Company in SAP FICO

The following tutorial guides you how to define or create a company in SAP step by step with screen shots. Let us discuss briefly about company.

Define Company in SAP

About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

SAP Tutorials

SAP Tutorials

Path to Define Company in SAP :-  

SAP IMG Path: – SPRO –> Implementation Guide for R/3 Customizing (IMG)  –> Enterprise Structure –> Definition –> Financial Accounting  –> Define Company

Transaction code to “Define Company in SAP” :- OX15

Steps for creation of a Company: –  

Step 1 :-  Enter Transaction Code SPRO in the commend field and press enter on the Keyboard

spro

Step 2 :- Next Customizing execute project screen select SAP Reference IMG

How to Create a Company in SAP | Define Company in SAP FICO

Step 3 :- After Selecting SAP Reference IMG, a new screen IMG Path will be displayed. Select Define company execute icon for creating a company

Define Company in SAP - SAP Menu path

Next Screen will be displayed after selecting the define company execute icon

How to Create a Company in SAP | Define Company in SAP FICO

Step 4:– Now Select New entries icon to create a new company and enter the company details

How to Create a Company in SAP | Define Company in SAP FICO

The following details are to be entered for creating a new company

  1. Enter 6 character alphanumeric code key that represents the group of company
  2. Enter name of your company.
  3. In the Detailed information update the address – Street name, PO Box#, Postal code, City.
  4. Enter Country Code of the company
  5. Enter language key
  6. Enter local currency for the company (also known as Company code currency)
  7. Click on Save icon or CTRL+S after updating the required information

Thus new Company ADARSH is created in SAP.

The following video explains how to define company in SAP step by step.