- How many company codes can be assigned to a company?
- Why do we assign company code to company?
- Can we assign more than one company code to a company?
- What is depreciation key in SAP?
- How many chart of accounts can be assigned to company code in SAP?
- Can one company code have multiple charts of accounts?
- How many chart of depreciation can be assigned to a company code?
- How do I assign a chart of account to a company code?
- How do you create a chart of accounts?
- What is chart of depreciation?
- How does SAP calculate chart of depreciation?
- What are company codes in SAP?
How many company codes can be assigned to a company?
If you have one organization then after creating a company in SAP you are required to create one or more than one company codes and get it assigned to the company otherwise SAP will not allow you to post any financial transactions.
In SAP there is no maximum number of restrictions of creating company codes..
Why do we assign company code to company?
The company code is an organizational unit used in accounting. It is used to structure the business organization from a financial accounting perspective. … It is used to structure the business organization from a financial accounting perspective. SAP recommends that copy a company code from an existing company code.
Can we assign more than one company code to a company?
One or more Operative Chart of Accounts can be assigned to a company code. … One Chart of Account can be assigned to many Company codes i.e., Multiple company codes can either share the same or have separate COA.
What is depreciation key in SAP?
The depreciation key contains the value settings which are necessary for determining depreciation amounts. It represents a combination of calculation rules, which are used for the automatically calculated depreciation types.
How many chart of accounts can be assigned to company code in SAP?
There are three chart of accounts you can assign it to a company code. You will post only to Operational chart of accounts and the values will be derived through this to other other accounts.
Can one company code have multiple charts of accounts?
Charts of Accounts with Multiple Company Codes If the individual company codes need different charts of accounts, you can assign up to two charts of accounts in addition to the operating chart of accounts. This could be the case if the company codes are in different countries.
How many chart of depreciation can be assigned to a company code?
one chartHow many chart of depreciation can assign to company code? Only one chart of depreciation can be assigned to co. code since it is highest in the hierarchy system in asset customization.
How do I assign a chart of account to a company code?
You can assign company code to chart of accounts in SAP by using one of the following method.Transaction code: – OB62.Menu Path: – SPRO –> IMG –> Financial Accounting –> G/L Accounting –> GL Accounts –> Master Data –> Preparations –> Assign company code to chart of accounts.
How do you create a chart of accounts?
The Chart of Accounts usually includes at least three columns:Account: Lists the account names.Type: Lists the type of account — asset, liability, equity, income, cost of goods sold, or expense.Description: Contains a description of the type of transaction that should be recorded in the account.
What is chart of depreciation?
The chart of depreciation is a list of depreciation areas arranged according to business and legal requirements. … You must assign a chart of depreciation to each company code that is defined in Asset Accounting. SAP provides country-specific charts of depreciation with predefined depreciation areas.
How does SAP calculate chart of depreciation?
How to copy reference chart of depreciation in SAPChoose “SAP Reference IMG”Follow the IMG menu path and click on img activity “copy reference chart of depreciation/depreciation area”On choose activity screen, click on “Copy Reference Chart of Depreciation”More items…
What are company codes in SAP?
The company code is the central organizational unit of external accounting within the SAP System. You must define at least one company code before implementing the Financial Accounting component. The business transactions relevant for Financial Accounting are entered, saved, and evaluated at company code level.