Last Updated on August 5, 2022 by admin

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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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