Below process is to change P&L statmt acct type from X to XX in the G/L account 78787878.
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Below process is to block the G/L Account 78787878.
Chart of Accounts(COA) is a list of all General Ledger accounts used by one or several company codes. The chart of accounts contains the account number, account name and the information that controls an account functions and a General Ledger account is created in a company code.
Below process is to delete the G/L Account 79797979.
Once the chart of account created, the next step is to assign a company code to the chart of account. Assigning company code to the chart of account is mandatory. The link is established between the company code and chart of account through assignment.
In a real-time scenario, additional ledgers required for general ledger account which are used for parallel accounting. The additional ledgers have different currency, fiscal year variant and posting period variant.
Fiscal year is a period of twelve months for a company. The company can regularly creates financial statements and checks inventories in the fiscal year. The fiscal year in SAP is defined as a Fiscal Year Variant. Fiscal year variant contains the number of posting periods and number of special periods in a fiscal year.
Ledgers are used to record financial transactions in general accounting by account. In general accounting, several ledgers can be used in parallel.
After configuration of Fiscal Year Variant, it needs to be assigned to company code. The link between the Fiscal Year Variant and Company code is established through Assignment. The Fiscal Year Variant is taken from the company code when company code assigned to a Fiscal year Variant. Either one or more company codes can be assigned to Fiscal Year Variant.
A company can be defined with local currency and parallel currency. Three currencies can be managed in a company code with parallel currencies. Parallel currencies are the custom currencies as per the requirement of the company.