GL Account Creation

GL Account Creation (FS00)

Path: Sap easy Access → Accounting → Financial Accounting → General ledger → Master records → GL Accounts → Individual processing → Centrally.

GL Accounts – 100001          (Retained earnings Account)

Company code – TAST

Click on Create fields

Type/Description

Select Account Group - Liabilities

ʘ Balance sheet Account

Short text – Retained earnings

Long text – Retained earning Accounts

Click on Control Data tab

Account currency – INR

ü  Only balance in local currency

ü  Line item display

Sort key – 001 (posting date)

Click on create/bank/interest/tax tab

Field Status Group – G001 (General)

Note: if you want to create another GL account click on type/description tab change the GL account number in to 100002 press enter key and create GL account.

1)      Just like we can create any number of GL account

2)      Assets and Liabilities are Balance Sheet account

3)      Incomes and expenses are Profit and Loss account

4)      Activate the only balance in Local currency check box in control data for Balance sheet account only. It does not need for Profit and Loss account.

Assign the Field status group – G005 for Cash and Bank accounting

Remaining all GL account Assign G001

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