GL Structure – Index

After the initial customisations regarding the enterprise structure, the next set of customisations involve customising the GL Structure. In this set of steps, we will be customising items relating to fundamental items of the General Ledger that define the broad outline within which the financial activities of the company will be conducted.

 

The following GL Structure steps will be dealt with as individual posts in the posts following this one. Visitors can click on the links below to directly navigate to any of the individual steps, or can use the steps outlined below in their order(which is the suggested order of customisation) given below, to get a better understanding of the inter-linked sequence that the steps follow.

 

1. Define Chart of Accounts List

2. Assign Company Code to Chart of Accounts List

3. Define Account Groups

4. Define Retained Earnings Account (Profit & Loss A/c)

5. Define Tolerance Groups for GL Accounts

6. Define Tolerance Groups for Employees

Assign Company Code to Financial Management Area

Significance: In this step we assign our company code to the financial management area we have created(or vice versa). By doing this we are enabling the Cash Flow & Funds Flow Management features for our particular company.

T-Code:

Path: SPRO>IMG>Enterprise Structure>Assignment>Financial Accounting>Assign Company Code to Financial Management Area

The following steps should be followed:

Use “Position” button at the bottom to locate our company.

Input the required details and choose “Save“.

Assign Business Area To Consolidation Business Area

Significance: In this step we assign the various business areas that we want under a particular consolidation area under that particular consolidation business area. It must be noted that a business area can be assigned to more than one consolidation business area in order to enable better reporting and controlling activities.

T-Code:

Path:SPRO>IMG>Enterprise Structure>Assignment>Financial Accounting>Assign Business Area to Consolidation Business Area

The following are the steps to be followed:

Click on “Position” at the bottom of the screen.

Enter the business area you want to assign.

Click on the button next to Cons. Bus. Area to select from a list of Consolidation Business Areas.

Select the Consolidated Business Area you want to assign it to.

Similarly assign any other areas that you want to assign and choose “Save“.

Assign Company Code to Company

Significance: In this step, we assign the company code we have created for our company. This ensures that whenever the company code is required to be quoted for any transactions, the resultant entries get passed to our company.

T-Code:

Path: SPRO>IMG>Enterprise Structure>Assignment>Financial Accounting>Assign Company Code to Company

The following are the steps:

Click on Position Button at the bottom of the screen.

Enter the company code that you want to assign.

Select the button next to the company column or press ‘F4’ .

Select the company you want to assign the company code to.

Choose “Save”

Enterprise Structure – Index

Enterprise Structure customisation comprises of steps required to customise the settings that affect the Financial and certain other aspects of the entire organisation, i.e. steps that have an enterprise-wide effect. These are the first steps that are carried out before any other steps can begin.

The following Enterprise Structure steps will be dealt with as individual posts in the posts following this one. Visitors can click on the links below to directly navigate to any of the individual steps, or can use the steps outlined below in their order(which is the suggested order of customisation) given below, to get a better understanding of the inter-linked sequence that the steps follow.

1. Define Company

2. Define Company Code

3. Assign Company Code to Company

4. Define Business Area

5. Define Consolidation Business Area

6. Assign Business Area to Consolidation Business Area

7. Define Financial Management Area

8. Assign Company Code to Financial Management Area