About Company Code:– Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory.
Company code in SAP – Important points
- At least one company code must be defined in an SAP system to implement SAP FI – Financial accounting module in SAP.
- Company code must be implemented in SAP system as per tax law, commercial law.
- Company code is used for an external accounting systems to general statements.
PATH:- IMG Reference –> Enterprise Structure –> Definition –> Financial Accounting –> Edit, Copy, Delete Company Code
Transaction code to Define company Code in SAP:- OX02
Steps to Define Company Code: –
Step 1:- Enter Transaction Code SPRO in the commend field and press enter
Steps 2:- In customizing execute project screen select SAP Reference IMG
Step 3:- In the next screen select Edit, Copy, Delete check Company Code
Step 4:- The below screen displays after selecting Edit, Copy, Delete Company Code ( Define Company Code )
we can create company code by selecting the above two options. By selecting the first option copy, Delete, company code all the configuration and tables get copied automatically along with assignments.
Here we are creating company code manually configure all the assignments by selecting the second option Edit Company Code Data. Double click on Edit Company Code Data
1. Update new Company code key ZJ01
2. Give the company name Adarsh Technologies for identifying the company code key
3. In Additional Data update the details of City, Country, local Currency of company, Language.
Click on Address and Update the following fields –
Now Create a New Company for the Country: US
- Company Code: AD07
- Company Name: Adarsh Technologies US
- City: New York
- Country: US
- Currency: USD
- Language: EN
Click on Address icon and update the address details for the new company code and click on save icon to save the details. Now it prompts for customizing request number, click on create icon and create a new customizing request number for company code and save the details.