Enter Global Parameters for Company Code OBY6

Enter Global Parameters

SAP IMG Path : – SPRO -> SAP Reference IMG (F5) -> SAP Customizing Implementation Guide -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Enter Global Parameters.

Transaction Code: – OBY6

Double click on your company to enter global parameters

Update the following fields.

> Chart of accounts: –   chart of accounts  is a list of GL accounts master record that are used by the organisation. A chart of accounts must be assigned to each company code and it  is defined at client level.

> Country charts/Accounts : Enter  country chart of accounts if the company code that you configured has a special country or statutory chart of accounts.

> Company: – Company is the organisational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes and it has local currencies in which its transactions are recorded.

 > FM Area: – Enter Financial management  (FM) area key if you are using funds management and it is  used for  function of  the treasury module. 

> Credit Control Area: – Enter your credit control area key for your company code. It controls the credit limits for your customers.

> Fiscal Year variant: –  Fiscal year variant is used to define the fiscal year , it contains 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year.  Special periods are used for Year end activities.

> Company code is productive:- This settings is applicable for your production client., it is not possible to delete transaction data from the SAP system after you set your company code is as productive.

> Vat. Registration no: – Enter vat (value added tax) registration number here.

> Posting period variant: – The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled.

> Propose value data:-  Select this indicator to  make the current date as default date by the system. The valued date is used for accounts payable, accounts receivable and treasury transactions.

> Max. Exchange rate deviation : – Enter maximum exchange rate percentage in which a foreign currency transactions can deviate from the rates enter in the exchange rate table.

After updating all the mandatory fields, click on save icon to save the configured data.

Click here to go to Next Chapter. 2.15 Define Additional Local Currencies for Company code