Chart Of Accounts:Chart of Accounts defines the structure of GL Accounts.Chart of Accounts contains the list of GL Accounts.COA can be called as index or Directory of the GL Accounts.COA Defined at client(Global) levelThere are three types of COA1.Op...

Account Groups:The account group it represents the grouping of the similar nature of the G/L Accounts.The account group classify the G/L accounts.The G/L account is created under the account group.The G/L account group can be created at the chart of ...

Retained Earnings Account:At the end of the fiscal year, We need to carry forward the balance of the p\L account to the retained earnings accounts( BS General Reserve Accounts).The profit & loss statement account type it represents the retained earni...

Define Field Status Variant ?The field status variant it contains the list of field status group.The field status variant defines at the client level and can be assign to multiple company codes. Field Status Group:It contains the grouping of the fiel...

Define Company ?A company is the smallest organizational unit for which individual financial statements can be drawn up according to the relevant commercial law. A company can contain one or more company codes.Note. You cannot use the prefix SAP at t...