General Ledger Master Records
1) There are 3 steps to create and use a chart of accounts (COA) a) Define COA b) Define the properties of the COA c) Assign the COA to Company codes. 2) The COAs is a variant that contains the structure and the basic information about general ledger accounts. 3) The Definition of COA contains a) Four digit COA key. b) COA Name. c) Maintenance language, d) Length of the G/L Account number. e) Integration with Controlling (CO) – Manual/Auto creation of Cost Elements. f) Group Chart of accounts. g) Status – Block indicator. 4) Length of G/L accounts can be from 1 to 10 digits. 5) One COA can be assigned to several company codes. 6) GL Master contains COA segment and Company code segment. 7) The Information entered in the COA segment for a G/L account applies to all company codes using that COA. 8) The Chart of account segment contains following details: i) Type/Description - Account group. - P/L or Balance sheet item. - Description – Short/Long text. - Group Chart of Account G/L. ...