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Step-by-Step Guide: Creating a Chart of Accounts | SAP FICO

 Define Chart of Accounts

Chart of Accounts

Chart of accounts is a comprehensive list of ledger accounts created in  an organized way to record, process and manage transactions. It groups accounts into specific types of balances (assets, liabilities, equity, etc.), and provides a framework for the organizational, reporting, and regulatory structure for accounting identities within entities.

Create Chart of Accounts

Navigation Path

Step 1

Go to Sap Menu -> Type in search bar - > SPRO ->Click on Sap Ref.Img.

SPRO - Financial Accounting  - General Ledger Accounting - G/L Accounts - Master Data - Preparations - Edit Chart of Account List.

Step 2

Click on New Entries

Step 3

Enter Required Details

Chart of Account: IN49

Description: Chart of Account for Company IN49

Maintain Language: English

Length of G/L Account Number: 6

Click on Save.

To be Continued...

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