What is
chart of accounts in sap FI ?
The chart of
accounts is a variant which contains the structure and the basic information
about general ledger accounts.
Information to be given in Chart of
Accounts: Maintenance Language, Length of GL Account Number, Manual or
automatic creation of cost elements, Group chart of accounts etc.
Charts
of accounts can have three different functions in the system:
Operating
chart of accounts
The operating chart
of accounts contains the G/L accounts that you use for posting in your company
code during daily activities. Financial Accounting and Controlling both use
this
chart of accounts.
chart of accounts.
You have to assign
an operating chart of accounts to a company code.
Group
chart of accounts
The group chart of
accounts contains the G/L accounts that are used by the entire corporate group.
This allows the company to provide reports for the entire corporate group.
The assigning of a
corporate group chart of accounts to a company code is optional.
Country-specific
chart of accounts
The country-specific chart of accounts
contains the G/L accounts needed to meet the country's legal requirements. This
allows you to provide statements for the country's legal requirements.
The assigning of a
country-specific chart of accounts to a company code is Optional.
INTEGRATION:
The operating chart of account is shared
by financial Accounting as well as controlling.
The
Accounts in a Chart of Accounts Can be both Expense or revenue Accounts in
Financial Accounting and Cost or revenue elements in cost/revenue Accounting.
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