Last Updated on August 4, 2022 by admin
The following tutorial guides you how to define or create a company in SAP step by step with screenshots. Let us discuss briefly
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 consist 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. The creation of a company in sap is optional.
SAP Tutorials
Company in SAP – Important points
- You can generate financial statements as per the legal requirements of the country, where the company is located.
- You can assign one or more company code to the company
- It is an optional organization unit in SAP
- If a company consists of more than one company code, then all the company codes should use the same chart of accounts.
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
Step 2:- Next customizing execute project screen select “SAP Reference IMG”
Step 3 :- After Selecting SAP Reference IMG, a new screen IMG Path with structure will be displayed. Select Define company execute icon for creating a new company in SAP.
The next Screen will be displayed after selecting the define company to execute icon
Step 4:– Now Select the New entries icon to create a new company and enter the company details
The following details are to be entered for creating a new company
- Enter 6 character alphanumeric code key that represents the group of company
- Enter name of your company.
- In the Detailed information update the address – Street name, PO Box#, Postal code, City.
- Enter Country Code of the company
- Enter language key
- Enter local currency for the company (also known as Company code currency)
- Click on Save icon or CTRL+S after updating the required information
Choose the Customizing request from the drop down list or create new one. To create new Customizing request, click on create request icon as shown below image.
Update the required details like description of customizing request number and click on save icon to save the configured data.
Thus new Company ADARSH Limited is created in SAP.
Continue to read – how to create company in SAP S4 Hana
The following video explains how to define company in SAP step by step.