SAP FICO TUTORIALS-
Create Genral Ledger: A Step-by-Step Guide-
Introduction-
What is a GL Account :-
GL account in SAP FICO is a fundamental element in the accounting structure. It serves as a repository for financial transactions, helping businesses categorize, track, and control their financial activities. GL accounts are used to record all financial transactions, including revenues, expenses, assets, and liabilities..
GO TO TCODE -FS00
Follow Path-
ACCOUNTING->GENRAL LEDGER->MASTER RECORDS->G/L ACCOUNTS->FS00
Significance of GL Accounts
1)Basic Data Tab (General Data):-This tab captures fundamental information about the GL account, such as its description, account group, and account currency.The account group determines the characteristics of the account, and the account currency specifies the currency in which transactions are recorded.
2)Control Data Tab:-The Control Data tab is crucial for configuring various control parameters. Here, you define settings related to field status, account management, and field layouts. You can also specify whether the GL account is a cost element, reconciliation account, or tax-relevant.
3)Create/Bank/Interest Tab:-This tab plays a pivotal role in defining bank-related information, particularly for interest-bearing GL accounts.
GO TO TCODE -FS00
1)SELECT CREATE-BUTTON
2)SELECT GL ACCOUNT NO-4000(RENT EXPENSES A/C)
SELECT COMPANY CODE-1003
3)SELECT ACCOUNT GROUP-EXPENSES
4)SELECT SHORT TEXT-RENT EXPENSES A/C
1)SELECT-ACCOUNT CURRENCY-INR
1)SELECT-TAX CATEGORY-*
SELECT-FIELD STATUS GROUP-G001(GENERAL WITH TEXT ALLOCATION)
SELECT-POST AUTOMATICALLY ONLY-TICK)
SAVE
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