SAP FI - G/L Account - Tutorialspoint

You can use the T-code FS00 to centrally define a G/L account. Refer the following screenshot. ... In SAP R/3, go to Accounting → Finance Accounting → General ... SAPFICOTutorial SAPFICO-Home SAPFI-Overview SAPFI-Submodules SAPFI-CompanyBasics SAPFI-DefineBusinessArea SAPFI-DefineFunctionalArea SAPFI-DefineCreditControl SAPFI-GeneralLedger SAPFI-COAGroup SAPFI-RetainedEarningsAccount SAPFI-G/LAccount SAPFI-BlockG/LAccount SAPFI-DeletingG/LAccounts SAPFI-FinancialStatementVersion SAPFI-JournalEntryPosting SAPFI-FiscalYearVariant SAPFI-PostingPeriodVariant SAPFI-FieldStatusVariant SAPFI-FieldStatusGroup SAPFI-DefinePostingKeys SAPFI-DefineDocumentType SAPFI-DocumentNumberRanges SAPFI-PostwithReference SAPFI-HoldaG/LDocumentPosting SAPFI-ParkaG/LDocumentPosting SAPFI-G/LReporting SAPFI-AccountsReceivable SAPFI-CustomerMasterData SAPFI-BlockaCustomer SAPFI-DeleteaCustomer SAPFI-CustomerAccountGroup SAPFI-One-TimeCustomerMaster SAPFI-PostaSalesInvoice SAPFI-DocumentReversal SAPFI-SalesReturns SAPFI-PostIncomingPayment SAPFI-ForeignCurrencyInvoice SAPFI-IncomingPartialPayments SAPFI-ResetARClearedItems SAPFI-CreditControl SAPFI-AccountsPayable SAPFI-CreateaVendor SAPFI-CreateVendorAcctGroup SAPFI-DisplayChangedFields SAPFI-BlockaVendor SAPFI-DeleteaVendor SAPFI-One-TimeVendor SAPFI-PostPurchaseInvoice SAPFI-PurchasesReturns PostOutgoingVendorPayment SAPFI-ForeignCurrencyInvoice WithholdingTaxinvendorinvoice SAPFI-OutgoingPartialPayments SAPFI-ResetAPClearedItems SAPFI-AutomaticPaymentRun SAPFI-PostingRoundingDifferences SAPFI-MonthEndClosing SAPFI-Dunning SAPFI-ExchangeRates SAPFI-TablesinModule SAPFI-ARInvoiceProcesses SAPFI-ARAccountAnalysis SAPFI-ARReporting SAPFI-AAOverview SAPFI-AAAssetExplorer SAPFI-CashManagement SAPCO-Overview SAPCO-Submodules SAPCO-CostCenter SAPCO-CreateCostCenter SAPCO–PosttoaCostCenter SAPCO-InternalOrders SAPCO-SettlementofIO SAPCO-ProfitCenter SAPCO-PostingstoProfitCenter ProfitCenterStandardHierarchy AssigningCosttoProfitCenters AssigningMaterialstoProfitCenter SAPCO-TablesinModule SAPCO-ProductCosting SAPCO-ProfitabilityAnalysis SAPCO-PlanningMethods SAPFI-Integration SAPFICOUsefulResources SAPFICO-QuestionsAnswers SAPFICO-QuickGuide SAPFICO-UsefulResources SAPFICO-Discussion SelectedReading UPSCIASExamsNotes Developer'sBestPractices QuestionsandAnswers EffectiveResumeWriting HRInterviewQuestions ComputerGlossary WhoisWho SAPFI-G/LAccount Advertisements PreviousPage NextPage  GeneralLedger(G/L)accountsareusedtoprovideapictureofexternalaccountingandaccountsandtorecordallthebusinesstransactionsinaSAPsystem.Thissoftwaresystemisfullyintegratedwithalltheotheroperationalareasofacompanyandensuresthattheaccountingdataisalwayscompleteandaccurate. HowtoCreateaNewG/LAccount? YoucanusetheT-codeFS00tocentrallydefineaG/Laccount.Referthefollowingscreenshot. Youcanalsousethefollowingpath− InSAPR/3,gotoAccounting→FinanceAccounting→GeneralLedger→MasterRecords→G/Laccounts→IndividualProcessing→Centrally. InthefieldG/LAccount,entertheaccountnumberofG/LaccountandthecompanycodekeyandclicktheCreateiconasshowninthefollowingscreenshot− ThenextstepistoenterthedetailsintheChartsofAccount. AccountGroup AccountGroupdeterminesthegroupforwhichtheG/Laccountmustbecreated,forexample,AdministrativeExpenses,etc. P&LStatementAcct IftheG/LaccountistobeusedforP&LStatementAccount,thenselectthisoption,otherwiseuseBalanceSheetAccount. Underdescription,provideashorttextorG/Laccountlongtext. ThenextstepistoclicktheControlDataandprovidedataforAccountCurrencyandotherfieldssuchasBalanceinlocalcurrency,Exchangeratedifferencekey,Taxcategory,postingwithouttaxallowed,Reconaccountforaccttype,alternativeaccountnumber,Tolerancegroup,etc.asshowninthefollowingscreenshot. ClickCreate/bankinterestandprovidedatainthefollowingfields− Oncethedetailsareentered,clicktheSavebuttontocreateaG/Laccount. PostingtoGeneralLedger Afteryoucompletethepayrollrun,thenextstepistopostpayrollruntoG/Laccounts.PostingtoG/LaccountfromPayrollrunincludesthefollowing− FirstistocollecttheG/Lpostingrelateddetailsfromthepayrollrun. NextistocreatethedocumentssummaryforG/Lposting. Onceyouhavesummarizedocuments,youhavetomakepostingtorelevantCostCentersandG/Laccounts. HowPostingisperformed? DuringeachPayrollrun,payrollcontainsdifferentpostingtypesforwagetorelevantGLaccounts.WhilepostingtoGLaccountfollowingpointsshouldbeconsidered− InPayroll,differentWagetypes-Overtimewage,standardsalaryandotherexpensesshouldbepostedtocorrectGLaccount. Otherwageslikecontributiontoinsurance,taxpaymentandotherpaytypesshouldbepostedascreditforemployeePayroll. Inpayrollrun,youhaveotherwagetypeslikecontributiontohealthinsuranceshouldbepostedasdoublepostingtoaccounts-includesdebitedasanexpense,andcreditedasapayableinGLaccount. OtherWagetypeinPayrollrunlikeaccruals,otherinsurancetypes,etc.shouldalsobepostedtotwoaccounts-debitedasanexpenseandcreditedasaprovisioninGLposting. UsefulVideoCourses Video SAPUI5OnlineTraining 25Lectures 6hours SanjoThomas MoreDetail Video SAPWebiOnlineTraining MostPopular 26Lectures 2hours NehaGupta MoreDetail Video SAPBasisOnlineTraining 30Lectures 2.5hours SumitAgarwal MoreDetail Video SAPC4COnlineTraining 30Lectures 4hours SumitAgarwal MoreDetail Video SAPMMOnlineTraining 14Lectures 1.5hours NehaMalik MoreDetail Video SAPWMOnlineTraining 13Lectures 1.5hours NehaMalik MoreDetail PreviousPage PrintPage NextPage  Advertisements Print  AddNotes  Bookmarkthispage  ReportError  Suggestions Save Close Dashboard Logout