T Codes in General Ledger Accounting SAP FICO

T Codes in General Ledger Accounting

1. To view posting documents - FB03
2. To view GL master record - FBL3N
3. To view GL master record Line items - FS10N
4. To change Line Items of a document - FB09
5. To Change Document - FB02
6. To park GL Account - F-65
7. To view parking documents - FBV3
8. To Delete, Edit, Clear Parked Document - FBV0
9. Clear GL Account - F-03
10.Reverse GL Document - FB08

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

Retained Earning Account in General Ledger Accounting SAP FICO

Retained Earning Account

Definition:

With the P&L statement account type, you determine the retained earnings account for each P&L account. The retained earnings account is used during year-end closing to calculate the company's result.

If you are creating a P&L account, you must make an entry here.


Define Retained Earning Account
Menu Path: IMG – Financial Accounting – General Ledger Accounting – General Ledger Accounts –Master Records – Preparation – Define Retained Earning A/c
T Code : OB53



Steps:
Enter Chart of Accounts
1. Enter ‘X’
2. Enter Liabilities A/c
3. SAVE the settings
4. Press Enter

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