General Ledger Accounting Configuration Steps
General Ledger Accounting:- 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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SAP G/L Tutorials
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
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
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
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
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
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