What is chart of account and how many charts of accounts can
be assigned to a company?
- 16 Answers
- 58340 Views
- Golden Sands, I also Faced
- E-Mail Answers
Answer Posted / viswanadh
Coa is nothing but list of g/l accounts. Normally coa 3 types.
1.operational chart of accounts
2.group chart of accounts
3.country chart of accounts
1.operational chat of accounts: this is chart of accounts to create normally levels. 1.general date 2.company code data
this coa is used to record business transactions for financial accounting & controlling. These are must be assigned to company code.
2.group COA: Group COA mainly used for location wise reporting purpose we can maintain group coa.
if may be maintain for different chart of account for different company codes.
ex: my company codes are in these country's India, USA, UK
group chart of account assign to these country operational chart of accounts.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
What is account modification key?
How does posting happen in mm (materials management) during special periods?
What are the common reasons for errors in accounting?
Once you have captured all the costs and revenues how do you analyze them?
What are the different submodules in sap fi?
Explain about the tax reports in sap?
What are the top 3 questions you have to ask before going to start the implimentation of project?
What is web? What is its purpose?
What is asset accounting (fi-aa)? : fi- asset accounting
What is Difference between Cost center and Profit center. Can any one explain me?
hi my name kali i have 6 month experience in sap fico module how to get job kindly help me
Explain how taxes are handled in sap?
1).HI SAP GURUS CAN ANY BODY PROVIDE ME LSMW STEP IN SAP, HOW TO UPLOAD & ITS PROCESS? 2.A client having one (I) group company(phoenix group) (1)phoenix steels (2)phoenix mils,( 3) phoenix steels & he is having business branches in hyd & bangalore.How to configure company,company code level & chart of A/c Level? 3). A client having 3 bank a/c's 1 is sbi 2 is hdfc 3 is icici how to configure? pls it is an urgent. 4)we are doing configuration for client whether the data will save client server or local server?
How are tolerances for invoice verification defined?
What is the meaning of Retained earning account ? why it is mandatory area in SAP FI
