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.