G/L Settings

Configuration Document

Visit: Kumarconsulting.in
Call @ +91 7416797921

Contents
Define Chart of Account........................................................... 1
Assign Company Code to Chart of Accounts ........................ 2
Define account group ............................................................... 2
Define Retained earning account ............................................ 3
Few Mandatory Setting ............................................................ 4
Define Controlling Area - OKKP .............................................. 4
Creation of GL account or GL Master data ............................ 7
 G/L Settings
Define Chart of Account

Note:
Chart of Account consist of list of GL account, which is created at client level and can be assigned to one
or more that one company code.
Procedure
Access the activity using one of the following navigation options:

Transaction code OB13

IMG path SPRO → SAP Reference IMG → Financial Accounting →
General Ledger Accounting → G/L Accounts → Master Data →
Preparations→ Edit Chart of Accounts list

Implementation

Click on and fill up the details as mentioned below and save it.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 1

 G/L Settings
Assign Company Code to Chart of Accounts

Description
In this step we assign COA to respective company code.
Procedure
Access the activity using one of the following navigation options:

Transaction code OB62

IMG path SPRO → SAP Reference IMG → Financial Accounting →
General Ledger Accounting → G/L Accounts → Master Data →
Preparations→ Assign Company Code to Chart of Accounts

Implementation
Click on position, give your company code, press enter button and assign Cart of Account code as
shown below.

Save it.

Define account group

Description
The account group is controls the field which appear during creation of G/L master and it also control the
number range.

Procedure
Access the activity using one of the following navigation options:

Transaction code OBD4

IMG path SPRO → SAP Reference IMG → Financial Accounting →
General Ledger Accounting → G/L Accounts → Master Data →
Preparations→ Define Account Group

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 2

 G/L Settings

Implementation

Click on and fill up the details as mentioned below, then press enter and save it.

Define Retained earning account

Description
Retained Earnings Account is created and used to carry forward the balance from one fiscal year to the
next fiscal year.

Procedure
Access the activity using one of the following navigation options:

Transaction code OB53

IMG path SPRO → SAP Reference IMG → Financial Accounting →
General Ledger Accounting → G/L Accounts → Master Data →
Preparations→ Define Retained Earnings Account

Implementation

Enter chart of account e.g TM01, and press enter.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 3

 G/L Settings
In P&L statement field give “X” and Account field should be blank (as therer is no GL created as of now).

Press enter buttton twice and save it.

Few Mandatory Setting

We also need to do few mandatory setting since its required. The logic of these setting will be
explained further in upcoming classes.

Define Controlling Area - OKKP

Click on new entries

Enter your company code in controling area field as shown below.

Then click on

Also select contrlong area same as company code as shown below.

Enter TM01 in cost center hirarchy as shown below and press enter buttion twise.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 4

 G/L Settings

All the given details should appear as shown above.

Now save it.

Then click on folder shon left side.

Click on new entries and enter your company code as shown below.

Press enter and save it.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 5

 G/L Settings

Now click on

Click on new entries and enter the previous fiscal year as shown below.

Note: if current fiscal year is 2019 then enter 2018 to 9999 in the below fiscal year field.

Save it.

Check Document Splitting

Follow the below path

Transaction code Not Applicable

IMG path SPRO → SAP Reference IMG → Financial Accounting (New) →
General Ledger Accounting (New) → Business Transactions →
Document Splitting → Activate Document Splitting

Remove the check mark from if any or if the check mark is already
removed then leave it as it is whiout making any changes.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 6

 G/L Settings
Creation of GL account or GL Master data

Transaction code – FS00

Enter your company code as shown below.

Click on in menu bar then Click on Hirarchy display then after click on Display account in
navigation tree (as shown in below screen).

Press Enter

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 7

 G/L Settings

Again use /NFS00 in command field again.

Screen will have a diffrent appreance here.

Now create a new GL account.

Click on creat button and give GL account no. and company code number.

Press Enter button and flll up the details as shown below.

Click on

Fill up the details as shown on below screen.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 8

 G/L Settings

Click on tab and fill up the details as shown on below screen.

Save it.

Note: All expnase or revenue G/Ls are part of P&L account and all Assets or Liability G/Ls are
part of Balance sheet account.

Assignment: Create G/L account for Rent or purchase etc as created above.

Faculty: Kundan Kumar (+91 7416797921) or visit kumarconsulting.in Page 9