G/L ACCOUNTS

[Former Member]

Hi

Where exactly we assign the G/L Account number. I know that G/L accounts are created in VKOA. But here we do not assign the exact number.The g/L account number which the system creates is it internal or external?

Thanks

[Former Member · Accepted solution]

hi,

sorry to correct you, GL accounts are assigned to the required account key combinations at VKOA. we dont create them here. The GL accounts are created by the FI guys as per the business requiremenst from SD, MM guys. With FS00 transaction we can create new GL accounts. Its not internal, but we speicifically create them.

regards

sadhu kishore

[Former Member]

Dear Debasish,

G/L accounts are purely taken care by FI consultants.

Using T. Code FS00, they create G/L accounts based on the requirements of the project.

And with the help of Account Keys, the amount either it is revenues or expenditures will be posted into concerned G/L Accounts.

For this we need an integration between SD-FI so that all the amounts will be posted to the concerned G/L accounts through proper Account Keys. For this we use T. Code VKOA

Here, in this transaction with the help of Account Keys, Customer Group, Materil Group, Sales Org, Chart of Accounts etc, we assign concerned G/L accounts so that the amounts will flow in to those G/L Accounts.

Same way, tax amounts will also flow into G/L accounts with the config settings made in T.Code FTXP. Here in this using Country and Tax Code we mention Tax percentage and concerned G/L accounts.

Hope this is clear.

Reward if helpful.

Thanks

Praveen

[Former Member]

GL accounts are created by Finance Users in Easy access.

Transactions are FS00, FSP0, FSS0

In VKOA, you allocate G/L accounts for revenue account determination.

[Former Member]

Dear Friend,

Once you have posted the document after billing (F2) to FI guys the document RV is generated where in you see the usage of G/L accounts with respect to posting keys, G/L accts & accountings keys & how they are really useful for a company for maintaing interms of sales revenues, deductions etc.

hope this might give you some light on G/L accts.

Thanks,

Ramesh.