How to Create a New GL Account in SAP
This is the very first step in configuring SAP-FI. It is advised that whenever you are creating a New GL, Create It from “Create with Reference “ Tab & Take the reference of a similar GL Code.
1.1. Access transaction by:
This is the very first step in configuring SAP-FI. It is advised that whenever you are creating a New GL, Create It from “Create with Reference “ Tab & Take the reference of a similar GL Code.
Creating GL Account:-
Procedural Steps:-
1.1. Access transaction by:
Via Menus | Accounting -> Financial Accounting -> General Ledger -> Master Records -> Individual processing -> Create |
Via Transaction Code | FS00 |
1.2. On screen “Create G/L Account in Company Code: Initial Screen, enter information in the fields as specified in the table below:
Press ENTER
Field Name | Description | R/O/C | User Action and Values | Comments |
Account Number | The account number of the G/L account that is being created | R | ||
Company Code | The Company Code ID | R | 1000 |
Press ENTER
1.3. On the tabbed screens, enter information in fields as specified in the table below:
Details of the above Screens are as Below
Details of the above Screens are as Below
Field Name | Description | R/O/C | User Action and Values | Comments |
Account Control in Company Code | ||||
Account currency | Identifier of the currency in which the account will be managed | R | The default currency is the one that is maintained in the Company Code | INR |
Only Balances in Local Currency | Check box | O | ||
Exchange Rate Difference Key | Key for calculating exchange rate Differences | O | ||
Valuation group | User defined | O | ||
Tax category | 2-digit symbol | O | ||
Posting w/o tax allowed | Check box | O | ||
Recon. account for account type | If reconciliation account for a Sub-ledger | O | Vendor & Customers | |
Alternative account number | User defined | O | Old codes From Legacy system | |
Account managed in ext. system | Check box | O | ||
Inflation key | O | |||
Tolerance group | O | |||
Account Administration in Company Code | ||||
Open item management | Check box | O | Indicates that Open items are kept in this Account | |
Line item display | Check box | R | ||
Sort key | How line items are to be sorted | O | ||
Authorization group | O | |||
Accounting clerk | O | Name can be specified of a person operating The Account | ||
Control of Document Creation | ||||
Field status group | Defines available required and optional fields when posting | R | Defines the Screen layout for particular Account | |
Post automatically only | Check box | O | ||
Supplement auto. postings | Check box | O | ||
Recon acct ready for input | O | |||
Bank/Financial Details | ||||
Planning level | O | |||
Relevent to cash flow | Check box | O | ||
Commitment item | Funds Management | O | ||
House bank | Bank | O | ||
Account ID | Bank account | O | ||
Interest Calculation Information | ||||
Interest indicator | O | |||
Interest calc. Frequency | O |
Press SAVE