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SAP FICO General Ledger Accounting Configuration Steps

General Ledger Accounting Configuration Steps

General Ledger Accounting :- The General ledger accounting is the complete record of all business transactions. 

GL Accounting Configuration Steps :-

  • Step-1 :- Define Chart of Accounts
  • Step-2 :-Assign Company Code to Chart of Accounts
  • Step 3 :- Define Account Groups
  • Step 4 :- Define Retained Earning Account
  • Step 5 :- Creation of GL Master Records
  • Step 6 :- Define Tolerance Group for GL Account
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Step 1 :- Define Chart of Accounts

SAP Path :- SPRO -> IMG –> Financial accounting –> General ledger Accounting –> GL Accounts –> Master Data–> Preparations –> Edit Chart of Accounts list

Transaction Code :- OB13

CHART OF ACCOUNTS SAP

Step-2 :-Assign Company Code to Chart of Accounts

SPRO -> IMG –> Financial accounting –> General ledger Accounting –> GL Accounts –> Master Data–> Preparations –> Assign Company Code to Chart of Accounts

Transaction Code :- OB62

Assign Company Code to Chart Of Accounts SAP

Step 3 :- Define Account Groups

SAP Path :- SPRO -> IMG –> Financial accounting –> General ledger Accounting –> GL Accounts –> Master Data–> Preparations –> Define Account Groups

Transaction Code :- OBD4

Define Account Group SAP

Step 4 :- Define Retained Earnings Account 

SAP Path :- SPRO -> IMG –> Financial accounting –> General ledger Accounting –> GL Accounts –> Master Data–> Preparations –> Define Retained Earnings Account 

Transaction Code :- OB53

Define Retained Earnings Account

Step 5 :- Creation of GL Master Records

SAP Path :- SPRO -> IMG –> Financial accounting –> General ledger Accounting –> GL Accounts –> Master Data–> Preparations –> GL Account Creation and Processing –> Edit G/L Account 

Transaction Code :-  FS00

edit gl Account centrally SAP

Step 6 :- Define Tolerance Group for GL Account

SAP Path :- SPRO -> IMG –> Financial accounting –> General ledger Accounting –> Business transactions –> Open Item Clearing –> Clearing Differences –> Define Tolerance Groups for GL Accounts

Transaction Code :- OBA0

Define Tolerance Groups for GL Accounts SAP