GL MASTERS IN FICO

GENERAL LEDGER CONCEPTS:

HOW TO CREATE GENERAL LEDGER MASTERS :

We can create Chart of Accounts at                                        A) Chart of Accounts Level

B) At Company Code Level

C) Centrally

At Chrt of A/c Level	At Company Code Level	Centrally
1. Account Number	1. A/c Currency	All Fields of
2. Account Group	2. Only Balance in Local	Cht. ofA/c +
3. Company Code	Currency	Company Code Leve
4. Wether it is P& L A/c	3. Tolerance Group	are available in
5. Wether it is B/S Item	4. Line Item Display	Centrally Area
6. Description	5. Open Item Management
A) Short Text - Max 20 Char	6. Sork Key
B) Long Text- Max 50 Char	7. Field Status Group

A/c to be Created :                                                                                        Range

1. Surplus in P& L Account under Reserves and Surplus Group           100100 to 100199

2. Eqity Share Capital A/c Under Share Capital Group                         100000 to 100099

3. Cash A/c  Under Current Assets, Loans & Advances Group             200100 to 200199

1ST STEP: Checking the A/c Groups to see the A/c Numbers to allot

PATH:     SPRO----->Financial Accounting---->General Ledger Accounting----->General Ledger Accounts----> Master Data---->Preparations--->Define A/c Groups ( TC=OBD4)

Select Position Button

Chart of Accounts       PSL

2nd STEP:       Creation of General Ledger Masters:

PATH:     Accounting ---->Financial Accounting---->General Ledger---->Maser Records---->

GL A/c---->Individual Processing--->Centrally(TC=FS00)

General Ledger Account       100100

Company Code                     PSL

From Menu Select ----> Create General Ledger account Create

Account Group---->Select Reserves & Surplus                       Short Text Will appear at the time of

Select Balance Sheet Account Radio Button                           Document Display

Short Text----> Surplus in P& L A/c                                          Long Text will appear at the time of

Long Text----> Surplus in P& L A/c for PSL                              Ledger Display

Select Control data tab

Select Only Balances in Local Currency Chk Box

Tolerance Group                       Keep it Blank

Line Item Display                                      √

Sort Key                                   ON Posting Date

Select  Create/Bank/Interest tab

Field Status Group        G001 for General

Select Save or CTRL+S

For Creating 2nd Account ----> Equity Share Captial ( A/c # 100100)

GL A/c                                             100100

Company Code                                 PSL

Select With Template Button

GL A/c                   100100

Company Code      PSL

Press Enter

Select                                               Type/Descripton Tab

Change A/c Group to                            Share Capital

Short Text                                            Equity Share Capital

Long Text                                            Equity Share Capital  of PSL

Other Fields are Common so Select Save Button or Ctrl+S

3rd A/c   GL A/c Number           200100

Company Code                          PSL

Select With Template Button

GL A/c       100100       Copy this Acc to New A/c

Company Code    PSL                                                           

Press Enter

Select  Type/Description Tab

Change A/c Group to→→    Current Assets Loans & Adv

Short Text                 →→    Cash Account

Long Text                 →→    Cash Account of PSL

Select Create/Bank/Interest Tab Button

Field sTatus Group                               →→    Change to G005

Select Relevant Cash flow                    →→         √

Other Fields are Common so Select Save Button or Ctrl+S

How to view the Accounts Created:

Select Dropdown button beside GL A/c , we will get match code. Give Company Code PSL It shows List of Accounts Created under PSL.