Company is the smallest organizational unit. The individual financial statements are created according to the relevant legal requirements for the company. A company can include either one or more company codes.
The company (organizational unit) definition is optional. All company codes within a company must use the same chart of accounts and fiscal year. However, each company code can have a different local currency. The fiscal year is the twelve months period set by a company as a financial year.
Process to Define a Company: –
Below process is to define company TESTC (Test Company).
Step-1: Enter the transaction code OX15 in the SAP command field and click Enter to continue.
{OR}
Enter the transaction code SPRO in the SAP command field and click Enter to continue.
Click on SAP Reference IMG.
Expand SAP Customizing implementation guide → Enterprise Structure → Definition → Finance Accounting → Define Company. Click on Execute.
Step-2: Below window will be opened. Click on New Entries.
Step-3: Enter the below details in the screen opened.
- Company – Unique Company Id for the Company
- Company Name – Primary Name of the new Company
- Name of Company 2 – If company has secondary name, update in this field
Detailed information: –
- Street – Company located street
- PO Box – Specify the Post box number if any
- Postal Code – Specify the company located area postal code
- City – Specify the company located city
- Country – The company established country code
- Language – Language code for the Company
- Currency – Specify the currency for the Company
Step-4: Once the details entered, click on Save button or press Ctrl + S to save the company.
Step-5: It prompt to create the customizing request. Click on Create to continue.
Step-6: It prompt for the Change Request. Create/Select the change request and Click on right mark to proceed.
Step-7: Status bar displays the below message once the company created successfully.
Technical Information: –
- Transaction Code: – OX15
- Navigation path: – SPRO → SAP Reference IMG → SAP Customizing implementation guide → Enterprise Structure → Definition → Finance Accounting → Define Company
- Database Table: – T880 (Global company data)