The FI chart of accounts characterizes the list of GL accounts that are employed to meet daily requirements and country’s legal needs in a firm. The master chart of accounts must be allocated to each business code.
Chart of accounts COA can be separated into two sorts −
Operating Chart of Accounts
It comprises all General Ledger accounts that are utilized to meet daily requirements in an organization.
Country Chart of Accounts
It covers the list of all General Ledger accounts that are needed to meet country legal needs. You can also allocate company chart of account to organization code.
What are the different steps involved in G/L posting? Once you get through the payroll run, the next aspect is to increase results to the GL accounts and this comprises cost centers. GL posting consists the below steps −
What is the use of posting period variants?
SAP FICO Corporate Training Posting period variant is employed to preserve accounting periods that are open for posting and all closed period are well-adjusted. This is utilized for opening and closing period in financial year for the posting purpose. One can allocate these posting periods to one or maybe more company codes.
Visit: www.multisoftvirtualacademy.com/erp/sap-fico-online-training
Chart of accounts COA can be separated into two sorts −
Operating Chart of Accounts
It comprises all General Ledger accounts that are utilized to meet daily requirements in an organization.
Country Chart of Accounts
It covers the list of all General Ledger accounts that are needed to meet country legal needs. You can also allocate company chart of account to organization code.
What are the different steps involved in G/L posting? Once you get through the payroll run, the next aspect is to increase results to the GL accounts and this comprises cost centers. GL posting consists the below steps −
- Collect posting-relevant information from the payroll outcomes.
- Make summarized official papers.
- Accomplish the important postings to apt GL cost centers and accounts.
What is the use of posting period variants?
SAP FICO Corporate Training Posting period variant is employed to preserve accounting periods that are open for posting and all closed period are well-adjusted. This is utilized for opening and closing period in financial year for the posting purpose. One can allocate these posting periods to one or maybe more company codes.
Visit: www.multisoftvirtualacademy.com/erp/sap-fico-online-training