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SAP FI Deleting GL Account

In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. In the G/L Account, provide the account number of G/L account and the company code key. To delete a G/L account, click the Delete button as shown below. The next step is to select deletion options for the G/L account − Deletion flag COA Deletion flag in company code. Select the correct check box and click the Save configuration. SAP FI – Modify a G/L Account To modify a G/L account, click the Change option. Refer the following screenshot. The next step is to select the changed field − Click the Save button to effect the changes.

SAP FI BLOCK GL ACCOUNT

In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. In G/L Account, provide the account number of G/L account and the company code key. Click the Block button as shown in the following screenshot. Once you click the Block button, you will get different blocking options such as − Block in Chart of accounts. Blocked for creation Blocked for Posting Blocked for Planning Block in Company Code Blocked in posting

SAP FI GL Account

General Ledger (G/L) accounts are used to provide a picture of external accounting and accounts and to record all the business transactions in a SAP system. This software system is fully integrated with all the other operational areas of a company and ensures that the accounting data is always complete and accurate. How to Create a New G / L Account? You can use the T-code FS00 to centrally define a G/L account. Refer the following screenshot. You can also use the following path − In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. In the field G/L Account, enter the account number of G/L account and the company code key and click the Create icon as shown in the following screenshot − The next step is to enter the details in the Charts of Account. Account Group Account Group determines the group for which the G/L account must be created, for example, Administrative Expenses, etc. P&L Statement Acc

SAP FI Retained Earnings

Retained Earnings Account is used to carry forward the balance from one fiscal year to the next fiscal year. You can assign a Retained Earning Account to each P&L account in the chart of accounts (COA). To automatically carry forward the balance to the next fiscal year, you can define P&L statements as per COA and assign them to the retained earning accounts. How to define Retained Earnings Account? There are two ways to define a Retained Earnings Account. You can either use the T-code OB53 or by T-code SPRO. Go to SAP Reference IMG → Financial Accounting → General Ledger Accounting → G/L Accounts → Preparations → Define Retained Earnings Account → Execute. Enter the Chart of Accounts to define the Retained Earning Account for COA and press Enter. Provide the P&L Account statement account type and account → Press Enter and save the configuration.

SAP FI - Chart Of Accounts

You can create a SAP FI chart of accounts group as per your requirement. To effectively manage and control a large number of G/L accounts, you should use COA groups. How to define Chart of Accounts Group? There are two ways you can create a new COA group. The first method is to use the T-code OBD4. You can also reach to this screen by following the path − T-code SPRO → SAP Reference IMG → Financial Accounting → General Ledger Accounting → G/L Accounts → Preparations → Define Account Group → Execute → New window will open → New Entries. Populate the following fields in the COA group: Chart of Account Key, Acct Group, Name, From Acct. and To Account details. After providing the required details, click the Save Configuration option to create the COA group.

SAP FI GENERAL LEDGER

The General Ledger is used to record all the business transactions in a software system. SAP FI – Chart of Accounts The FI chart of accounts represents the list of GL accounts that are used to meet the daily needs and the operating country’s legal requirement in a company. The master chart of accounts must be assigned to each company code. Chart of accounts (COA) can be divided into the following types − Operating Chart of Accounts − It contains all the General Ledger accounts that are used to meet the daily needs in a company. The operating chart of accounts has to be assigned to a company code. Country Chart of Accounts − It contains a list of all General Ledger accounts that are required to meet the operating country’s legal requirements. You can also assign a company chart of account to the company code. Chart of Accounts Group − This COA group contains a list of all the G/L accounts that are used by the entire company. How to create a new Chart of Accounts? You can create a new

SAP FI - DEFINE CREDIT CONTROL

Credit Control in FI is used to check the credit limit for the customer and it can use one or more codes. It is used for credit management in Application components such as Account Receivable (AR) and Sales and Distribution. The credit control area is determined in the following sequence − User exit Distribution channel Customer master Company code for the sales organization How to define a Credit Control Area? A Credit Control Area is defined in accordance with the areas of responsibility for credit monitoring. Use the T-code SPRO → click SAP Reference IMG. It will open a new window. Expand SAP Customizing implementation guide → Enterprise Structure → Definition → Finance Accounting → Define Credit Control Area → Execute. Click Execute → New entries → Enter the below details → Save. Now you have successfully configured the Credit Control Area. Once you create the Credit Control Area, the next step is to assign a company code to the credit control area. Expand Enterprise structure →