chart of accounts

[Former Member]

Hi experts,

iam new in sap iam having some doubts against chart of accounts

1.how many types of chart of accounts in sap fi/co?

2.what is the difference between those types?

Regards,

chakri

[former_member183378]

Hello Chandu,

Please post your query under relevant space in SCN in order to get the timely response. This query is not relevant to FSCM space. Related to SAP ERP Financials space in SCN.

Thanks & Regards,

Lakshmi S

[former_member183378]

Hello Chandu,

1.how many types of chart of accounts in sap fi/co?

A. We have 3 different types of chart of accounts in sap. Chart of accounts is nothing but list of GL accounts used by 1 co.code or several co.codes

2.what is the difference between those types?

A. 1. Operating COA:- Using for daily operations of a business and it is compulsory to maintain this COA.

     2. Group COA:- It is meant for consolidation purpose if we have more company codes under 1 co. like having subsidiries to a company. It is optional

     3. Country COA:- It is meant for to provide the country level reports to meet the country legal requirements etc. It is optional

I hope it resolves your queries else revert us with your query.

Thanks & Regards,

Lakshmi S

[joseluis_carbajo]

Hi Chandu,

Please find below the link to SAP help in relation to your query.

http://help.sap.com/saphelp_46c/helpdata/en/c7/a88ab243dd11d182b30000e829fbfe/content.htm

I hope you find this information helpful.

Regards,

Jose

[Former Member]

hi

there is three types of chart of account

1. operating chart of account; it means daily requrement of the company

2. group chart of account; it is for consoladation purpuse.

3. county chart of account; it is for the specific country, country base

thanks

naserkhan

[Former Member]

Hi,

Greetings to all,

Could any one share FI soft copy to my ID It will help me to prepare well,

ID : ramayanamdineshbabu@gmail.com

Thanks & Regards,

dinesh babu Ranayanam

[Former Member]

Hi

in simple terms we are using 3typs of chart of account

1. operating chart of accounts: this is using for day to day operating of business transaction

2. Group chart of accounts: consolidation purpose we are using it is group level

3. country chart of account: legal purpose we are using depending up on the country it s a country specific. 

[Former Member]

Hi Chakri,

Chart of Accounts is a list of all G/L accounts used by one or several comapny codes. It is defined at the client level.

The Chart of Accounts is basically of three types -

Charts of accounts can have three different functions in the system:

1. Operating chart of accounts

The operating chart of accounts contains the G/L accounts that you use for posting in your company code during daily activities. Financial Accounting and Controlling both use this chart of accounts.

You have to assign an operating chart of accounts to a company code.

2, Group chart of accounts

The group chart of accounts contains the G/L accounts that are used by the entire corporate group. This allows the company to provide reports for the entire corporate group.

The assigning of an corporate group chart of accounts to a company code is optional.

3. Country-specific chart of accounts

The country-specific chart of accounts contains the G/L accounts needed to meet the country's legal requirements. This allows you to provide statements for the country's legal requirements.

The assigning of an country-specific chart of accounts to a company code is optional.

Allot points if its useful

Cheers

Sneha

[srinivasa_maruvada]

Chart of Accounts

This is a list of all G/L accounts used by one or several company codes.

For each G/L account, the chart of accounts contains the account number, account name, and the information that controls how an account functions and how a G/L account is created in a company code.

You have to assign a chart of accounts to each company code. This chart of accounts is the operating chart of accounts and is used for the daily postings in this company code.

You have the following options when using multiple company codes:

You can use the same chart of accounts for all company codes

If the company codes all have the same requirements for the chart of accounts set up, assign all of the individual company codes to the same chart of accounts. This could be the case if all company codes are in the same country.

In addition to the operating chart of accounts, you can use two additional charts of accounts

If the individual company codes need different charts of accounts, you can assign up to two charts of accounts in addition to the operating chart of accounts. This could be the case if company codes lie in multiple countries.

The use of different charts of accounts has no effect on the balance sheet and profit and loss statement. When creating the balance sheet or the profit and loss statement, you can choose whether to balance the company codes which use different charts of accounts together or separately.

Charts of accounts can have three different functions in the system:

Operating chart of accounts

The operating chart of accounts contains the G/L accounts that you use for posting in your company code during daily activities. Financial Accounting and Controlling both use this chart of accounts.

You have to assign an operating chart of accounts to a company code.

Group chart of accounts

The group chart of accounts contains the G/L accounts that are used by the entire corporate group. This allows the company to provide reports for the entire corporate group.

The assigning of an corporate group chart of accounts to a company code is optional.

Country-specific chart of accounts

The country-specific chart of accounts contains the G/L accounts needed to meet the country's legal requirements. This allows you to provide statements for the country's legal requirements.

The assigning of an country-specific chart of accounts to a company code is optional.

Integration

The operating chart of accounts is shared by Financial Accounting as well as Controlling. The accounts in a chart of accounts can be both expense or revenue accounts in Financial Accounting and cost or revenue elements in cost/revenue accounting. You can find additional information on this subject under Cost Accounting and Chart of Accounts.