Chapter 1 : Introduction

Hand Book on SAP FICO Module for Beginners / Learners - NN Satya

they are following centralized accounting system we can open the account in chart of account level first and set the company code customization requirement latter. If the company is following decentralized system of accounting we can open the general ledger accounts in centrally option. Depending on the requirement of project we can adopt any suitable method of opening the gl accounts. For the purpose of opening gl account we need bifurcation of all accounts as under and select the minimum configuration requirements made in the following box. For opening the gl account the Path is: spro>img>fa>gla>gl accounts>master data>preparations>gl account creation and processing>edit gl account (individually)>edit gl account centrally. TC: FS00 or you can access the screen through easy access screen also. General ledger accounts groups for the purpose of creation only (do not compare with account groups) 1. All expenses will be formed into group (because the master data requirements are similar to all expenses accounts hence made expenses. You open one account in expenses; with the help of those expenses we can create any number of accounts as required. 2. All incomes 3. Clearing accounts (expenses payable and income receivable gr/ir clearing accounts cash clearing accounts) 4. Reconciliation accounts :( accounts payable account, accounts receivable account, asset acs) 5. Bank accounts (all cash accounts, bank accounts, including loan accounts) 6. General liabilities (share capital, misc) 1. Opening of expenses accounts: give the company code and give the account number you want to open and select the create button give details as in the second box.

For opening of many expenses accounts you can select with template button and give account number as reference number and company code. System copies all details into the new account and change short description and long description and saves. (Need not change other details) 2. All income accounts

3. Clearing accounts: these accounts have different nature in compared to other accounts.

4. Reconciliation accounts: these accounts have distinctive character in definition.

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Chapter 1 : Introduction

Hand Book on SAP FICO Module for Beginners / Learners - NN Satya

5. Bank accounts:

6. General liabilities and general assets (other than above and fixed assets)

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Chapter 1 : Introduction

General notes: 1. System by default the account currency as local currency. If you want to open any account with other than local currency, you can mention the currency. However, the account opened with other than the local currency will allow the transactions in that particular currency in which you have opened the account. 2. If you open the account with local currency, the system allows postings in any currency and converts into local currency also. The screen shot of one account is as under The above list is the list of chart of accounts created for the requirement of the project.

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