Defining General Ledger (G/L) Accounts and Cost Elements
After completing this lesson, you will be able to define a G/L account
Chart of Account
Each G/L is set up according to a chart of accounts. The chart of accounts contains the definitions of all G/L accounts. The definitions consist of the account number, the account name, and the type of G/L account (e.g. balance sheet, non operating expenses/revenues, primary costs/revenues, secondary costs or cash accounts).
Assignment of Company Codes to Chart of Accounts
A chart of accounts can be used by multiple company codes so that the general ledgers of these company codes have an identical structure.
General Ledger Account and Cost Element
The two segments of the G/L master record from a Financial Accounting perspective are as follows:
The chart of accounts segment contains a description of the account, the account type that classifies how the account can be used in FI and/or CO and, the account group that controls the company code segment fields, and the consolidation account number.
The company code segment contains values specific to how the company code will manage that account.
Account Groups
Accounts with the same account group normally have similar business functions. You can, for example, have an account group for:
Cash accounts
Expense accounts
Revenue accounts
Other balance sheet accounts
The account groups are assigned number ranges. You can control which account numbers are permissible for cash accounts, expense accounts, and so on, through the number ranges.
Account groups also control the appearance of the company code segment of G/L accounts. Account groups control:
The fields that are required for data entry
The fields that are optional for data entry
The fields that are display only.
The fields that do not show up at all in the company code segment
Reconciliation Accounts
Expenditures versus costs.
In the economical theory, there are two approaches for values:
In the first approach, the values in Financial Accounting and Management Accounting are the same:
Controlling provides additional reporting opportunities by separating the FI documents along additional characteristics, such as segments, profit centers, projects, stored in a coding block. The results may be P&L statements and balance sheets per segment, per profit center or per project.
In the second approach (most used in central Europe), Management Accounting is based on cost and revenues. Costs are only those expenditures, which are as follows:
Related to the business of the company
Exactly assigned to periods (source specific)
For example, a gift to a welfare organization is an expenditure, but not a cost, because it is not the business of the company to make gifts.
Expenditures, which do not meet the definition of costs, are only reflected in Financials, and not in Management Accounting. They are called neutral expenditures.
SAP provides the opportunity to realize each of the theories. In SAP S/4HANA revenues, expenditures, and cost are represented by financial accounts and separated by the Account Type of the accounts. Based on the account type, the accounts used in CO are also called cost elements.
Account Types
The controlling area-specific data is only needed for Secondary Costs and Primary Costs or Revenue accounts. In the controlling area-specific data, you assign a Cost Element category. This category determines which account can be used for which business transaction in CO.
Create a Primary Cost Account
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/support/notes/service/sap_logo.png "account assignment field"){kind=logo}
2899269 - FS00 checkbox "Apply Acct Assignments Statistically in Fixed Asset Acct/Material Acct" not available for Material account
- In transaction FS00, while creating a balance sheet G/L account to be used as an inventory account for Material Management, the checkbox "Apply Acct Assignments Statistically ..." is not available.
- You have checked the steps outlined in KBA 2274763 .
Environment
- Financial Accounting (FI)
- SAP ERP Central Component
- SAP enhancement package for SAP ERP
- SAP enhancement package for SAP ERP, version for SAP HANA
- SAP S/4HANA Finance
- SAP S/4HANA
KBA , FI-GL-GL-N , Master Data , How To
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Use. You can assign one or more account assignments to an item. Multiple account assignment allows you to apportion the costs covered by a purchase order partly to your own cost center and partly to others, for example. You specify which account assignment object is to be charged via the account assignment category. Account Assignment Category.
Application Area. The default account assignment is a tool that automatically proposes specific cost assignment objects, such as cost centers or profit centers during journal entry. You can determine which management accounting object is defaulted for each line item based on the combination of primary cost and revenue G/L account and company code.
The account assignment category determines the account assignment data for an item, such as cost center and account number. VRTKZ - Distribution Indicator for Multiple Account Assignment This field indicates how the quantities and values of a purchase order item in multiple account assignment are distributed to the individual account assignments.
Chart of Account. Each G/L is set up according to a chart of accounts. The chart of accounts contains the definitions of all G/L accounts. The definitions consist of the account number, the account name, and the type of G/L account (e.g. balance sheet, non operating expenses/revenues, primary costs/revenues, secondary costs or cash accounts).
Customer or Vendors Recon. accounts line items cannot receive account assignment fields at posting, SAPMF05A 0301, SAPMF05A 0302, Package GKNT, GKNTCORE, , FS03, OBY6, OB41, OB41, OB14, OBD3, OBD4, T004F , MF05AO00_DYNPRO_MODIFIZIEREN, SAP Standard Account Assignments: COBL-AFPOS Item Number, COBL-ANBWA Transactn Type, COBL-ANLN1 Asset, COBL-ANLN2 Sub-number, COBL-AUFNR Order, COBL-BEMOT ...
Specifying Single Account Assignment . Specifying Multiple Account Assignments (ME21, ME22) Units of Measure in Purchase Orders . Incoterms and Shipping/Delivery Instructions . Down Payment and Down Payment Request . Goods-Receipt-Based Invoice Verification . Materials Subject to Split Valuation .
When checked, this field causes account assignment rules to run when the account is edited and saved. When customizing the page layout for accounts, an administrator can control whether this checkbox displays and whether it's checked by default. Exclude from territory assignment rules: When checked, this field shields the account from being ...
Use. The account assignment category determines the account assignment element (for example, cost center or WBS element) to be supplied. Technical data. Available from Release. 2.0B (SAP B2B Procurement) Data element. ACC_CAT. Reference characteristic. External hierarchy.
👉Join the SAP Training and Certification: https://www.tagskills.com/connect Welcome to our channel! In this video, we dive into the world of SAP (Systems, A...
Account Assignment field in Ariba defaults to 'K' instead of the value provided in the Import Requisition request XML. SAP Knowledge Base Article - Preview ... Import Requisition, XML, Account Assignment, Default Value, ImportedAccountingsStaging, GOP-empty, Custom Mapping, CIG, ERP System.) , KBA , BNS-ARI-PUR-ACC , Contract Compliance , BNS ...
Search for additional results. Visit SAP Support Portal's SAP Notes and KBA Search. When a service PO is created in ME21N and the service level data is filled out, the field KNTTP (account assignment category) is greyed out and will be no longer editable, even if you delete the services and the service level accounting data.
Completion Status of Reservation. Account Assignment Category. Reservation Document Data Extraction. CDS Views for Physical Inventory. CDS Views for Stock and Material Documents. CDS Views for Output Management. CDS Views for E-Mail Template Notifications. CDS Views for Batch Management. CDS Views for Serial Number Management.
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In transaction FS00, while creating a balance sheet G/L account to be used as an inventory account for Material Management, the checkbox "Apply Acct Assignments Statistically ..." is not available. You have checked the steps outlined in KBA 2274763 .