Configuration Steps

► Create Company Code

► Create Chart of Accounts
► Assign Chart of Accounts to Company Code
► Define / Create Account Group (With Number Range)
► Define / Create Retained Earning Accounts :- at the end of the fiscal year the
system carries forward the balance of the P & L account to the Retained Earning
Accounts.
► Maintain Fiscal Year Variant
► Assign Company Code to Fiscal Year Variant
► Define Posting Period Variant
► Define Variants for Open Posting Periods
► Assign Posting Period Variant to Company Code
► Create document number ranges for Company Code
♦ Number Ranges are Company Code dependent, therefore create number
ranges for each Company Code
► Define Document type and assign document number range.
► Enable Fiscal year default
► Enable Default Value Date
► Assign Company Code to Field Status Variant.
► Screen Variant for Document Entry
► Define Tolerance group for Employees
► Assign user to Tolerance Group.
► Check Company Code Setting in Global Parameter
► Define Addition Local Currency (Optional)
► Define Company
► Configuration for GL Automatic Clearing
♦ Automatic Clearing
♦ Assigning Accounts for GL Clearing Difference
► Configuration for Foreign Currency Valuation.
♦ Define Valuation Method
♦ Assign GL Accounts for Foreign Currency Valuation
► Configuration for Regrouping Posting
♦ Define Adjustment Accounts for GR/IR Clearing.
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