May I know that what is Chart of Accounts in SAP fico?
Please help me out i am new here.
Thanks in advance.
A Chart of Accounts in SAP represents the list of GL Accounts used in one or more company codes. All the GL Accounts in Chart of Accounts will have the Account name, Account number and Control information. The Control information decides how the GL Accounts can be created.Customizing Tr. Code for Creation of Chart of Accounts – OB13
this chart relates to the day to day posting. In SAP it is mandatory that this Operating Chart of Accounts is assigned to the company code.
this chart of accounts is used for consolidating all company codes with different operating chart of accounts falling under a company. It is not mandatory to assign this group chart of accounts to company code.
this Chart of Accounts contains the GL Accounts to meet the specific statutory or legal requirements of a company from where a company code operates. Assigning Country chart of accounts to a company code is optional in SAP.
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