DEFINE COMPANY

DEFINE COMPANY CODE

ASSIGN COMPANY CODE TO COMPANY

CREATE CHART OF ACCOUNTS

HIT SAVE. ASSIGN CHART OF ACCOUNTS TO COMPANY CODE

HIT SAVE.

DEFINE ACCOUNT GROUP

DEFINE FIELD STATUS VARIANT

SELECT COPY ALL.

HIT SAVE. ASSIGN FIELD STATUS VARIANT

Hit Save.

DEFINE

R.E

CREATE RETAINED EARNINGS A/C: CREATING RETAINED EARNINGS IN COA

CRE ATING RETAINED EARNINGS IN COMPANY CODE:

DEFINE POSTING PERIOD VARIANT

ASSIGN POSTING PERIOD VARIANT

OPEN AND CLOSE POSTING PERIOD

EITHER NEW ENTRY CAN BE SELECTED OR FEW ENTRIES CAN BE SELECTED AND COPIED.

CREATING P/L ACCOUNTS

HIT SAVE

CONTROLLING CONFIGURATION

ASSIGNMENT OF CONTROLLING AREA

ACTIVATE CONTROLLING AREA

DEFINE NUMBER RANGES FOR CONTROLLING DOCUMENT:

PROFIT CENTER DEFINING

CREATING PROFIT CENTER

CREATING COST CENTER

MAINTAIN VERSIONS

DEFINING INTERVAL

TOLERANCE GROUP

DOCUMENT SPLITTING

CREATE COST ELEMENT

SAVE IT. POSTING G/L LEDGER

SAVE CREATING ACCRUAL ACCOUNT

FB03- check for the document list and number.

Hit save until it says it is posted. (NOTE: The debit and credit a/cs should be similar or the balance should get tallied) INITIATING PROCESS

SCENARIO

Telephone expense: 150 Telephone bill payable: 150

When one account was assigned as P&L account and other as G/L account, you should not assign the G/L account to a cost element and while posting to a general ledger and for accruals, cost center should not be assigned. CREATING REVERSAL

Check at fb03