GL Master Records in General Ledger Accounting SAP FICO

GL Master Records

Definition:

A data record containing information that controls how data is entered into a G/L account and how that account is managed.

This includes, for example, the currency in which an account is managed.

GL Master Records

Manual
-Two-Step
1) Chart of Accounts Segment 2) Company Code Segment
One-Step: Create both segments simultaneously

Copying
- Copying an individual GL account with reference to another GL account.
- Copy the entire company code segment.
- Copy the entire chart of account segment.


Create GL Master Records (Step 1)
Menu Path: Easy Access – Accounting – Financial Accounting – General Ledger - Master Records –Individual Processing – Create Centrally
T Code : FS00


Steps:
1. Enter GL A/c Code
2. Enter Co. Code
3. Enter A/c group
4. Select P&L or B/S
5. Enter Short Text
6. Enter Long Text
7. Click ‘Control Data’



Create GL Master Records (Step 2)

Menu Path: Easy Access – Accounting – Financial Accounting – General Ledger - Master Records –Individual Processing – Create Centrally
T Code : FS00


Steps:
1. Enter Currency
2. Select Line Item
3. Enter Sort Key
4. Select Recon A/c (If necessary)
5. Click ‘Create/Bank/Interest’



Create GL Master Records (Step 3)

Menu Path: Easy Access – Accounting – Financial Accounting – General Ledger - Master Records –Individual Processing – Create Centrally
T Code : FS00


Steps:
1. Enter Field Status group
2. SAVE the settings