SAP General Ledger Core Concepts

March 8, 2009 by mySAP
Filed under: General Ledger Module

• Chart of Accounts

– Sometimes referred to as the “what”
– Describes the nature of an account
– Examples: Sales, Consulting Expense, Accounts Receivable

• Enterprise Structure

– Sometimes referred to as the “where”
– Describes “where” in the enterprise a transaction occurred
– Use multiple objects for different views

• Together they provide the details required to meet the reporting requirements of the Enterprise.

Company Code: Basis of Enterprise Structure

• Company code represents a legal entity of the organisation. Configure one company code for each legal entity.
• Financial statements and statutory reporting (B/S, P&L, taxation reporting, etc.) are produced per company code
• SAP company code configuration includes:

– Defining the company code, an alphanumeric field of 4 characters (for example, A001, 9999)
– Assigning country, currency, language, chart of accounts, fiscal year, tax procedure, posting period variant & field status variant