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Create GL Master

This document provides steps for creating a general ledger (GL) master record in SAP. It includes: 1) GL master records contain basic account information like the chart of accounts, company code, account number, name, and type. 2) There is a specific transaction code (FS00) for selecting and creating a bank GL master record. This involves providing an asset code, company code, and clicking create. Existing records can be used as a template. 3) Various account properties must be selected or configured like the account group, currency, tax settings, subledger display, and field status before saving the new bank asset GL master record.

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Subhash Reddy
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Download as DOCX, PDF, TXT or read online on Scribd
61 views

Create GL Master

This document provides steps for creating a general ledger (GL) master record in SAP. It includes: 1) GL master records contain basic account information like the chart of accounts, company code, account number, name, and type. 2) There is a specific transaction code (FS00) for selecting and creating a bank GL master record. This involves providing an asset code, company code, and clicking create. Existing records can be used as a template. 3) Various account properties must be selected or configured like the account group, currency, tax settings, subledger display, and field status before saving the new bank asset GL master record.

Uploaded by

Subhash Reddy
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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GL master records contain

1) Charts of accounts.
2) Company code.
3) GL accounts number .
4) GL account name.
5) Accounts type- Balance sheet or income statement.
6) Account group.
Steps for Creating GL master code
There is followong path for selecting T- code for Bank GL
creation.

T- code- FS00

T- Code- FS00- Sundry Creditors.


1) First give the asset code as per type of GL master data.
2) Enter the Company code.
3) Click on create icon. (Can view the icon display, change,
create, block, delete). Once transaction is posted in GL
master we cannot delete the GL master then we need to
block the GL master for posting level only). We can also
create the GL mater data with reference existing GL
master code (All fields are same but can change the title
of GL code master- Click on with template).
4) We can change the details into GL master data to click on
Change button.

1) Select the accounts group General G/L accounts.


2) Select the P&L account or Balance sheet account.
3) Enter the short text and long text for New GL master data.
4) Click on control data.

1) Account currency Select the type of currency


2) Click on only balance in local key.
3) Exchange rate difference key keep blank.
4) Tax category- optional. Or select the ALL TAX TYPE
ALLOWED (* icon).

5) Click on posting without tax allowed (for taxable invoice or


non taxable invoice also).
6) Recon account for acct type- like customer, assets, vendor.
( To view the sub ledger details).once select the this option
we can create the sub GL under this GL master GL code.
7) Alternative account no- Not required.
8) Inflation key- Note required.
9) Click on open item management & line item display.
10)
Select the sort key for posting date. (To view the GL
report with posting date details).
11)
Accounting clerk Keep blank
12)
Click on create/bank/interest.

1) Select the field status group (press F4) 2) Click the post automatically only and recon acct ready for
input.
3) Recon acct ready for input- It is applicable to accounts
receivable, accounts payable, assets. When you post to an
account in the sub ledger, the system automatically posts
to the corresponding reconciliation accounts. The general
ledger is automatically updated.
4) Planning level- Not required (Applicable while creating
bank GL code).
5) House bank- optional ( Select bank for relevant to GL
master)

6) Interest indicator- Optional


7) Save it- Asset code- 16118541.

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