Significance: Account Groups controls the Master records. It controls the number range of Master record and Field status group (Supress, Required, Optional and Display) also. SAP follows a Grouping principle all throughout SAP to handle the Master Records that may be in GL, AR AP any thing.
Note: SAP allows a maximum of 10 digits for an Account Number, however for the purposes of this tutorial we will only be using 6 digits, since that is sufficient for all practical purposes. The format we will be following is as follows:
Liabilities – 100000 series
Assets – 200000 series
Income – 300000 series
Expenditure – 400000 series
Path: SPRO>IMG>Financial Accounting>GL Accounting>GL Accounts>Master Records>Preparations>Define Account Groups
The following steps need to be followed.
Choose “New Entries” from the Application Bar.
Fill in the required entries and choose “Save“.
Filed under: gl structure | Tagged: accounts, accounts groups, area, co, company code, define, define account groups, enterprise, Enterprise Structure, fi, fi-co, fico, ficobuddy, general ledger, gl structure, groups, sap, sapag, structure |