Account Groups & Number Ranges in General Ledger Accounting SAP FICO

Account Groups

Definition:

The account group is a classifying feature within the G/L account master records. The account group is a required entry.

The account group determines the fields for the entry screens if you create or change a master record in the company code. The account group also determines in which number interval the account number must be.

Number Ranges

Definition:

The number of the G/L account identifies the G/L account in a chart of accounts.
The number of this G/L account determines the lower and upper limit of the G/L account interval.

Account Groups and Number Ranges

ASSETS
100000
To
199999

LIABILITIES
200000
To
299999

INCOME
300000
To
399999

EXPENSES
400000
To
499999

Define Account Groups and Number Ranges
Menu Path: IMG – Financial Accounting – General Ledger Accounting – General Ledger Accounts –Master Records – Preparation – Define Account Group
T Code : OBD4


Steps:
Click ‘New Entries’
1. Enter Co. Code
2. Enter A/c Group
3. Enter Group Name
4. Enter From A/c No.
5. Enter To A/c No.
6. SAVE the settings