Create New companies by copying Existing Company code

SAP FICO ModuleSAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data.SAP FICO training materials teaches you in a easy method with screen shots step by step. SAP FI Organization Structure Define Company Define Company Code Create new companies by copying existing company code Assign Company Code to Company Define Business Area Define Functional Area Define Credit Control Assign Company Code to Credit Control SAP FI Financial Accounting Global Settings1. Maintain Fiscal Year Variant 2. Assign Company Code to Fiscal Year Variant 3. Define variants for Open Posting Periods 4. Open and Close Posting Periods 5. Assign Posting Period Variant to Company Code 6. Define Field Status Variants 7. Assign Company Code to Field Status Variants 8. Define Posting Keys 9. Define Document Types 10. Define Document Number Ranges 11. Define Tolerance Group for Employees 12. Define Tolerance Group for G/L Accounts 13. Assign Users to Tolerance Group 14. Global Parameters for Company Code 15. Define Additional Local Currencies for Company code SAP FI Organization Structure1.How to Create a Company in SAP | Define Company in SAP FICO

The following tutorial guides you how to define or create a company in SAP step by step with screen shots. Let us discuss briefly about company.

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded.All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.Path to Define Company in SAP :- SAP IMG Path: SPRO >Implementation Guide for R/3 Customizing (IMG)> Enterprise Structure >Definition> Financial Accounting > Define CompanyTransaction code to Define Company in SAP :- OX15 Steps for creation of a Company: Step 1 :- Enter Transaction Code SPRO in the commend field and press enter on the Keyboard

Step 2 :- Next Customizing execute project screen select SAP Reference IMG

Step 3 :- After Selecting SAP Reference IMG, a new screen IMG Path will be displayed. Select Define company execute icon for creating a company

Next Screen will be displayed after selecting the define company execute icon

Step 4:- Now Select New entries icon to create a new company and enter the company details

The following details are to be entered for creating a new company Enter 6 character alphanumeric code key that represents the group of company Enter name of your company. In the Detailed information update the address Street name, PO Box#, Postal code, City. Enter Country Code of the company Enter language key Enter local currency for the company (also known as Company code currency) Click on Save icon or CTRL+S after updating the required information Thus new Company ADARSH is created in SAP.2.How to Create Company Code in SAP | Define Company Code in FICO

The following tutorial guides you how to define company code in SAP FI step by step with screen shots. After configuring company, next step is to configure the company code. Let us discuss briefly about company code.

Define Company Code

About Company Code :- Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory.

PATH :- IMG Reference > Enterprise Structure > Definition > Financial Accounting > Edit, Copy, Delete Company Code

Transaction code to Define company Code :- OX02

Steps to Define Company Code: -

Step 1 :- Enter Transaction Code SPRO in the commend field and press enter

Steps 2 :- In customizing execute project screen select SAP Reference IMG

Step 3 :- In next screen select Edit, Copy, Delete check Company Code

Step 4 :- The below screen displays after selecting Edit, Copy, Delete Company Code ( Define Company Code )

We can create company code by selecting above two options. By selecting first option copy, Delete, company code all the configuration and tables get copied automatically along with assignments.

Here we are creating company code manually configure all the assignments by selecting second option Edit Company Code Data . Double click on Edit Company Code Data

Step 5 :- Click on New Entries and update the following details

1. Update new Company code key AD06

2. Give the company name Adarsh Technologies for identifying the company code key

3. In Additional Data update the details of City, Country, local Currency of company, Language.

Click on Address and Update the following fields

After updating Address enter Click on Save icon Thus the company code AD06 is created in SAP.

3.Create New companies by copying Existing Company code

Creating new companies by copying existing company code SAP

The following training tutorials guides how to create new company by coping existing company code in SAP step by step. In our previous training tutorials we have learn how to create new company code by using transaction code. In our previous configuration we configured company code AD06.

Now we are going to configure company codes AD61, AD62, AD63, AD64 and AD65, this company codes are configuring by copying existing company code AD06. Let check how to configured new company codes.

You can define new company by copying existing company code by using one of the following navigation method.

SAP IMG Path: SPRO >> IMG (F5) >> Definition >> Financial Accounting >>> Edit, copy, delete, check company code >> copy, delete, check company code.

Transaction code: EC01. Step 1: -Enter transaction code EC01 in SAP command field and press enter.

Step 2: On organizational object company code screen, click on copy as icon to copy from existing company code.

Step 3: - A pop up box opens to enter the details, update the following details.16. From company code: - Update the company code that you want to copy from 17. To company code: - Update the new company code that you want to create.

After updating the details, press enter. This transaction copies all the general and global settings of existing company code AD06 to new company code. Press enter to continue.

Step 4: - Next step is to update company name and its address. Enter transaction code OX02 in SAP command field and enter.

Double click on company code AD61

Now change your company code name and additional data.

Click on address button (shift+f5) to update the address details. After updating the company code address details, click on save button, Successfully new company code AD61is created by coping existing company code AD06

4.How to Assign Company Code to Company in SAP

Assign Company Code to Company

Menu Path :-

SPRO > IMG Reference > Enterprise Structure > Assignment > Financial Accounting > Assign Company Code To Company

Transaction Code :- OX16

The following are the steps to Assign the Company Code to Company in SAP FICO

Step 1 :- Enter the T-Code SPRO in the commend field

Step 2 :- Click SAP Reference IMG

Step 3 :- Follow the Path as per below screen shot

Step 4 :- Click Position

Update company code for which you wants to assign and Enter

Step 5 :- Update Company ID in Company field and click on save icon

Thus company code AD06 was assigned to Company ADARSH.

5.Define Business Area in SAP FICO | How to Create Business Area in SAP

Define Business Area in SAPDefinition of Business area :-Business areais a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting . Different divisions of each business with in a legal entity are created as Business areas for reporting of each operational areas. So Financial statements can be created for each business area and these financial statements can be used for internal reporting purpose.Business areas are not assigned to any company codes.Transaction Code for Creation of Business Area in SAP :- OX031. Steps for the Creation of New Business Areas in SAP :-Step 1 :- Enter transaction code SPRO in the commend field

Step 2 :- Select SAP Reference IMG ( Shortcut key F5 )

Step 3 :- After selecting SAP Reference IMG, follow the below structure to configure the Business areas

Step 4 :- After Selecting Define Business Area, Select new entries to configure new Business areas

Step 5 :- Enter the 4 digit code in the business area field and enter the name of business areas in the description field and save the settings.

6.Configuration of Functional Area in SAP FICO | Define Functional Area

Functional Area in SAPDefinition of Functional Area in SAP :-Functional Area is a organisational unit in accounting that classifies the expenses of an organisation by functions. Uses of Functional Area :-

TheFunctional area in SAP is use to create P&L A/C in Financial Accounting using cost of sales accounting and used to analyse the cost of sales accounting

Examples of Functional Area are :-

Administration

sales and distribution

Manufacture

Production

Research and development

Steps for the Creation of Functional Area in SAPTransaction code :- OKBD

SAP Menu Path :- SPRO > SAP Reference IMG > Financial Accounting > Financial Accounting Global Settings > Company Code > Cost of Sales Accounting > ActivateCost of Sales Accounting for Preparation

Step 1 :- Enter T-Code OKBD in the commend filed

Step 2 :- In the Next screen Click New Entries

Step 3 :- Enter four digits Functional area code in the Functional Area column and update names of the Functional Areas

Thus Functional Areas ADPR, ADSO are created in SAP.

7.Define Credit Control Area for Customer in SAP

The credit control area is an organizational unit that specifies and checks a credit limit for customers. Credit control area can includes one or more company codes.2. Steps to Define Credit Control AreaTransaction Code toDefine Credit Control Area OB45

IMG Menu Path :-SPRO > Implementation Guide > Enterprise Structure >Definition> Financial Accounting >Define Credit Control AreaStep 1 :- Enter T-Code SPRO in the Command Field and press enter

Step 2 :-Click SAP Reference IMG

Step 3 :- Follow the IMG Menu path

Step 4 :- In next screen click on new entries

Step 5 :- Update the required data1. Credit Control area :- Enter four digits credit control area code2. Currency :- Update currency of the credit control area.3. Credit limit :- Update credit limit amount for the customers.

Step 6 :- Click on save icon to save the new credit control area

Thus credit control area in SAP was successfully configured.

8.Assign Company Code to Credit Control Area in SAP

1. Steps forAssign company code to credit control areaAfter creating of credit control, next step is to assign company code to credit control area.IMG Menu Path :-SPRO > Implementation Guide >Enterprise Structure > Assignment > Financial Accounting > Assign company code to credit Control Area.Step 1 :- Enter T-Code SPRO in the Command field and press enter

Step 2 :- Click on SAP Reference IMG ( short cut key F5 )

Step 3 :- Follow the menu path forAssigning Company Code to Credit Control Area

Step 4 :- In next screen click on Position icon and update the company code and press enter

Step 5 :- In next screen, update the credit control code in the CCAr field and

Step 6 :- After updating credit control code click on save icon

Thus company code successfully assigned to credit control area.