Chart of Accounts and Account Group

Define Chart of Account

Finance Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparations > Edit Chart of Accounts List (OB13)

A Chart of Accounts is list of GL Accounts. A Chart of Accounts  can be assigned to Company Code as ;

a) Operation Chart of Account (Mandatory)
b) Group Chart of Account (Optional)
c) Country specific Chart of Accounts

CoA Name can be a 4 alphanumeric characters.

Table :T004


Assign Chart of Accounts to Company Code

We assign Chart of Accounts to Company Code while maintaining the "Global Parameters"(OBY6) for the company code. An Operational CoA and Country Specific CoA is assigned to company code in OBY6, while Group Chart of Account is Assigned to operational Chart of Account inn OB13.

Unless we maintain CoA and FYV in Global Parameters, we will not be able to assign company code to a controlling area.


Change a Chart of Account

Once CoA is assigned to Company Code and Controlling Area, we will not be able to change or delete CoA assignment without resetting company code. We can reset company code by deleting data in company code using transaction OBR1 or OBR2.

After Data is deleted using above transaction first change assignment in Company Code's Global Parameters OBY6 and then Maintain Controlling Area OX06.



Create Account Groups

Finance Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparations >  Define Account Groups (OBD4)

Account Groups is grouping of GL accounts based on certain criteria or similarity in nature of Account.

An Account Group is are used to organize or manage the GL Accounts.

It controls the Number Range in which the Account must be created. Also, it controls Field Status and screen layouts for company code specific area.

Account Groups are created with reference to CoA.