How to create a GL account in SAP FI How ... - SAP FICO BLOG

To create a GL account for a company code, you need to execute transaction code FS00. In the initial screen, enter the GL Account and Company ... SkiptocontentFinancialAccounting 22May202010July2020abhishek6259GLAccount,GLAccounting,SAP,SAPFI,SAPGLAccountJustlikemostERPsystems,creatingaGeneralLedgerAccountinSAPERPisalsofairlyeasybyusingtcodeFS00.So,HowtocreateaGLaccountinSAPFI?Tostartwith,inmypreviouspost,ImentionedthataGLaccountispartoftheGLAccountinginSAPFIandisusedtorecordafinancialtransaction.ThesystemstoresalltheGLaccountsinaGLaccounttableinSAP.AGLaccountismappedtoafinancialstatementversioninSAPtogeneratefinancialreporting.AlltheGLAccountsareassignedtoaChartofAccount(CoA).Moreover,youcanmaponeChartofAccounttomultiplecompanycodes.Therefore,youcancreateGLaccountsinSAPFIatChartofAccountsaswellastheCompanyCodelevel.TableofContentsHowtocreateaGLaccountinSAPFI?GLAccountTypeGLAccountGroupGLShortText&LongTextGLAccountCurrencyGLTaxCategoryGLReconciliationAccountOpenItemManagement&SortKeyGLFieldStatusGroupGLInterestCalculationGLAccountTableinSAPHowtocreateaGLaccountinSAPFI?TocreateaGLaccountforacompanycode,youneedtoexecutetransactioncodeFS00.Intheinitialscreen,entertheGLAccountandCompanyCodefields.EntertheGLAccountnumbermanuallyandthisnumbershouldbewithinthenumberrangeassignedintheChartofAccountsinSAP.Forexample,thechartofaccountsI’musinghasan8-digitnumberrange.Also,enterthecompanycodeforwhichyouwanttocreatetheGLaccount.GLAccountTypeGLAccountTypeInGLAccountType,youhavetoselectthetypeofGLaccountthatyouwanttocreate.YoucanselectaBalanceSheetAccountoraP&LAccount.Balancesheetaccountsarethoseaccountsforwhichthebalancesarecarriedforwardtothefollowingyears.Ontheotherhand,ProfitandLossAccountbalancesarenotcarriedforwardattheendofthefiscalyear.Also,P&Laccountsareusedtobookrevenue&expenses.GLAccountGroupAnAccountGroupinSAPisagroupingofGLAccounts.EachAccountGroupisassignedtoachartofaccountsinSAP.Inotherwords,alltheGLaccountsofsimilarcategoriesarecombinedtogetherinoneaccountgroupinSAP.Forexample,youcanmapallthecashGLaccountstotheCashaccountgroup.Similarly,youcanmapalltheCostofGoodsSold(COGS)accountstoanExpenseaccountgroup.ThisisamandatoryfieldwhilecreatingaGLaccount.GLShortText&LongTextSpecifytheGLdescriptionintheShortandLongTextfields.TheshorttextallowsyoutostoreGLdescriptionsofupto20characters.Ontheotherhand,youcanstoreupto50charactersintheLongTextfield.GLControlDataGLAccountCurrencyItindicatesthecurrencyinwhichtheGLaccountisheld.Usually,youspecifythelocalcurrencyoracompanycodecurrency.Insomescenarios,GLaccountsarealsoheldinforeigncurrencies.Inthatcase,fillthecurrencyfieldwiththerelevantforeigncurrency.ThereisalsoacheckboxforBalancesinlocalcurrencywhichindicatesthatallthebalancesforthisGLaccountwillbeupdatedinlocalcurrencyonly.GLTaxCategoryInSAP,thereare2typesoftaxes:InputandOutputtax.IfaparticularGLisrelevantfortaxpostings,thenyoucanspecifythetaxcategoryotherwise,leaveitblank.YoucantickthecheckboxforPostingwithouttaxcodeallowedifyouwantthesystemtoallowtaxpostingswithouttaxcode.GLReconciliationAccountInSAP,aGLaccountcanalsobecreatedasareconciliationaccount.IfaGLaccountisrelevantforsub-ledgerpostings,thenithastobecreatedasareconaccount.Again,areconciliationaccountcanbecreatedatacompanycodeleveloratchartofaccountsinSAP.Forexample,foreachcustomer,theGLaccountwiththereconcategory‘Customer‘isassigned.Therefore,whenyouposttheentrytoacustomer,italsoreflectsinthereconGLaccountreport.OpenItemManagement&SortKeyIfyoutickthecheckboxfor‘OpenItemManagement‘,itallowsyoutomanageopenitemsforthisaccount.Thelineitemswillremainopenuntilaclearingpostingtakesplace.InSAP,someexamplesofopenitemmanagedaccountsareGR/IRaccounts,Incoming/OutgoingBankAccounts,etc.SortKeycontrolstheAssignmentfieldinSAP.ItallowsyoutosortthelineitemsofaGLaccountintheGLbalancesreport.Forexample,ifyouassignsortkeyasPostingDate,thesystemwillstorethepostingdateintheassignmentfield.Inconclusion,youcansortthelineitemsbasedonthepostingdateintheGLbalancesreport.GLFieldStatusGroupGLFieldStatusGroupAFieldStatusGroupdeterminesthescreenlayoutwhilepostingthetransactiontothisGLaccount.Thereare3optionsavailable:Required,Suppress,andOptional.Forexample,inafieldstatusgroup,ifaninputfieldismarkedas‘Required’,thenthisneedstobefilledwithdataduringposting.Otherwise,thesystemwillnotallowyoutoposttheentry.Similarly,ifaninputfieldismarkedas‘Suppress’,thenthefieldwillnotbeavailableduringposting.Inothercases,whenitismarkedas‘Optional’,thenyoucaneitherputdatainthatfieldoryoucanalsoleaveitblank.APostAutomaticallycheckboxindicatesthatnomanualaccountingentrycanbepostedtothisGLaccount.Forexample,inventoryGLaccountsarepostedautomaticallybythesystemandnomanualtransactionsareallowed.GLInterestCalculationInterestcalculationisaprocessofcalculatinginterestonGLaccounts.Forexample,forsomeloanaccounts,interestneedstobepaidtothebank.InSAP,interestindicatorsandinterestratesareusedtocalculateandpostinterestamounts.IfaparticularGLaccountisrelevantforinterestpostings,youcanspecifytheinterestindicatorhere.GLAccountTableinSAPAGLAccounttableinSAPisadatabasetablethatstoresGLmasterdata.SAPstorestheGLMasterdataindatabasetablesatChartofAccounts(CoA)andCompanyCodelevel.YoucanfindtheGLAccountmasterdataintableSKA1(CoAlevel)andSKB1(CompanyCodelevel).Ihopeyoulikedthistutorialon‘HowtoCreateaGLAccountinSAPFI’.Incaseofanyquestions,pleasedropacommentbelow.PostViews:2,220Facebook0Twitter0LinkedInPinterest0WhatsAppEmail0Shares←WhatisSAPFI?YourGuideonSAPFIProcessFlow.HowtoruntheInitialLoadinCFIN?WhatareInitialLoadgroups?→YouMayAlsoLikeABAW:PerformAssetRevaluationinSAP13May202113May2021abhishek6259POSTING_INTERFACE_CLEARING–BAPItoPostClearinginSAP19July202119July2021abhishek6259DunninginSAP:SendDunningLetterstoBusinessPartnerviaTcodeF15030June20204August2020abhishek6259SubscribetoOurNewsletterFirstnameorfullnameEmailBuySAPBooksCryptocurrencyDonationMyERC-20Address:0x651fA56320dC7AF7398B87B09E9BFEAb32040398CategoriesCentralFinanceControllingFinancialAccountingMiscellaneousTips&TricksMostViewedPostsT-CodeF.13:AutomaticClearinginSAP(6,635)F-03inSAP:PerformManualClearingofGLAccounts(4,860)ForeignCurrencyValuationinSAP:AStep-by-StepTutorial(4,856)F-44inSAP:ClearVendorOpenItems(4,828)FB08TcodeinSAP:ReverseanAccountingDocument(3,799)RecentPostsHouseBankinSAP:UseT-codeFI12tocreateitBAPI_ACC_DOCUMENT_POST:BAPItoPostAccountingDocumentinSAPBAPIToShowAccountingEntrySimulation:FAGL_SPL_SIM_GL_VIEWPOSTING_INTERFACE_CLEARING–BAPItoPostClearinginSAPInternalOrderSettlementinSAPusingKO88forAuCAsset