how to create a general ledger in sap fico

GENERAL LEDGER MASTERS CREATIONS

	1	2	3
	Chart of Accounts level	Company code level	Centrally
1	GL Account Number	Account currency	Chart of accounts fields
2	Company code	Only balances in local currency
3	Account group	Tolerance group	+
4.	Whether it s P & L Account	Line item display	Company code fields
5	Whether it is a Balance Sheet A/c	Open item Management
6.	Description a)    Short text – Max 20 b)    Long text –Max20	Sort key
		Field status group

Accounts to be created:

1. Surplus in P & L Account – Reserves & Surplus
2. Equity share capital – Share capital
3. Cash account –current assets, loans & advances

To check accounts groups for giving account numbers.

Path: SPRO – Financial Accounting – General ledger accounting – GL Accounts –Master Data- Preparations- Define Account group (Tr.Code:OBD4)

Select position button

Give your chart of accounts AML

Enter

Reserves & Surplus                                    100100-100199

Share capital                                    100000-100099

Cash account-current assets        200100-200199

1. To check account-Group for giving account numbers.
2. Creation of General

CREATION OF GENRAL Ledger

Path : Accounting-Financial accounting –General Ledger-Master records –GL Accounts-Individual Processing –Centrally (Tr. Code is FS00)

Give the GL account 100100

Company code AML

From the menu select  -> GL Account create

Account group: select reserves & surplus

Select balance sheet account radio button

Short text: surplus in P & L Account

GL Account Large text: Surplus in profit & Loss Account

Select control data tab       

Select only balances in local currency in check box

We have

Tolerance group: Blank

Select line item display check box

Short key select 001 posting data

Select create / bank / interest

Field status group G001 General (with text, allocation)

Save

GL Account                           :100000

Company code                     : AML

Select with template button

GL Account                           :100100 (Surplus in P & L Account)

Company code                     : AML

Enter

By mistake save button

Your can not save

Change account group to Share capital

Select balance sheet a/c radio button

Change short text to equity Share capital

Change GL account long text to Equity share capital

Other filed common select save button

GL Account 200100

Company code                     :AML

Select with template button

Give the GL Account 100100 surplus in P & L account

Company code                     : AML

Enter

Change account group to current assets, loans & advances

Change short text to Cash account

Select balance sheet a/c radio button

Change GL account long text to Cash account

Select create / bank / interest tab

Change filed status group to G005 bank accounts (Obligatory value date)

Select relevant cash flow check box,

Select save button or Ctrl+S

To view the accounts created

Select drop down button beside GL account

Match Code:

Give the company code                  : AML

Enter

Short text                                           : At the time of entry

GL account long text                       : At the time of General ledger display