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Definition of Chart of Accounts :-

The chart of accounts in SAP ( COA ) is a list of GL accounts master record that are used by theorganisation. A chart of accounts must be assigned to each company code. Chart of Accounts isdefined at client level.

Types of Chart of Accounts :-

Operating chart of Accounts Country Specific chart of Accounts Group Chart of Accounts

Operating chart of Accounts :-

The operating chart of accounts in sap contains the G/L accounts that uses for posting incompany code for daily activities and used in both financial accounting and cost accounting.You have to assign operating chart of accounts to a company code

Country Specific chart of Accounts

The country-specific chart of accounts in sap contains the G/L accounts needed to meet thecountrys legal requirements. country specific chart of accounts are assigned to company codesand this is optional.

Group Chart of Accounts :-

The Group chart of accounts in sap contains the G/L accounts that are used by the entirecorporate group and this COA is used to consolidate the reports for the entire corporate group

we can use the following methods to Create new chart of accounts in SAP

1. Transaction Code : - OB13

2. SAP Menu Path :- IMG > Financial Accounting > General Ledger Accounting > G/LAccounts > Master Data > Preparations > Edit Chart of Accounts List

Chart of Accounts in sap Configuration Steps:-

Step 1 :- Enter the Transaction code SPRO in the SAP commend field to get the ImplementationGuide

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Step 2 :- Click on SAP Reference IMG

Step 3 :- Navigate the below Path and click on Edit Chart of Accounts List to create new Chartof Accounts

Step 4 :- The Existing Chart of Accounts which are already created are displayed below, Click onNew entries button to create new Chart of Accounts in SAP

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6. Consolidation : - Enter the Group Chart of accounts for the consolidation of Reports.

7. Status :- Under status Deselect the Blocked Check box.

After updating the required data click on save icon you will get message Data was saved

Thus Chart of Accounts in SAP ADAR was created.

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