GL Account Creation in SAP T Code - FS00

How to Create a New GL Account in SAP


This is the very first step in configuring SAP-FI. It is advised that whenever you are creating a New GL, Create It from “Create with Reference “ Tab & Take the reference of a similar GL Code.

Creating GL Account:-

T Code - FS00

Procedural Steps:-

1.1. Access transaction by:

Via Menus	Accounting -> Financial Accounting ->  General Ledger ->  Master Records  -> Individual  processing -> Create
Via Transaction Code	FS00

1.2. On screen “Create G/L Account in Company Code: Initial Screen, enter information in the fields as specified in the table below:

Field Name	Description	R/O/C	User Action and Values	Comments
Account Number	The account number of the G/L account that is being created	R
Company Code	The Company Code ID	R	1000

(Note: On above table, in column “R/O/C”, “R” = Required, “O” = Optional, “C” = Conditional)

Press ENTER

1.3. On the tabbed screens, enter information in fields as specified in the table below:

Details of the above Screens are as Below

Field Name	Description	R/O/C	User Action and Values	Comments
Account Control in Company Code
Account currency	Identifier of the currency in which the account will be managed	R	The default currency is the one that is  maintained in the Company Code	INR
Only Balances in Local Currency	Check box	O
Exchange Rate Difference Key	Key for calculating exchange rate Differences	O
Valuation group	User defined	O
Tax category	2-digit symbol	O
Posting w/o tax allowed	Check box	O
Recon. account for account type	If reconciliation  account for a Sub-ledger	O	Vendor & Customers
Alternative account number	User defined	O		Old codes From Legacy system
Account managed in ext. system	Check box	O
Inflation key		O
Tolerance group		O
Account Administration in Company Code
Open item management	Check box	O	Indicates that Open  items are kept in this Account
Line item display	Check box	R
Sort key	How line items are  to be sorted	O
Authorization group		O
Accounting clerk		O	Name can be specified of a person operating The Account
Control of Document Creation
Field status group	Defines available  required and optional fields when posting	R	Defines the Screen  layout for particular  Account
Post automatically only	Check box	O
Supplement auto. postings	Check box	O
Recon acct ready for input		O
Bank/Financial Details
Planning level		O
Relevent to cash flow	Check box	O
Commitment item	Funds Management	O
House bank	Bank	O
Account ID	Bank account	O
Interest Calculation Information
Interest indicator		O
Interest calc. Frequency		O

Press SAVE