Create Chart Of Accounts

Okay, now we have to create a chart of accounts. This is the next step that we’re going to do. Just now you want the enterprise structure, so come here, financial accounting (New). This is also a financial accounting menu, but this is the old one. This is the old financial accounting menu, which is before HCC 6.0. For HCC 6.0, this is a new one, that’s why you can see the new word here. Choose this, this, this, this and this. It’s financial accounting (New), general ledger accounting (New), master data, GL accounts, preparation, and edit chart of account list. Let’s go here.

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Click this, new entries, and let’s say our group company is Solar right so let me give a name as COA. Let me use Sun Chart of Accounts, maintenance language is English, length of G/L account number of five. I’ll make it six. The number here corresponds to the size of the G/L account that you can create, so I’m going to specify at six. Controlling integration, manual creation of cost elements, just choose this first. I’ll explain what is this later.

 

 

If you choose automatic creation of cost elements, for each PNL account that you create, the specific cost element will be created automatically, but I want to create manually, so I choose this. I’ll explain what is the cost element later on when we go to cost center and profit center accounting. This Group Chart of accounts, just leave it empty.

Alright. Let me just choose something more meaningful. Let’s leave it as Sun Group. It’s okay. Let me just save it. Data was saved. Just go back, go back, and you’re done. You’ve created a Chart of Account. 

Alright. We’ll go to the next topic after this.

 

You may watch the full course on the following YouTube link

https://www.youtube.com/watch?v=1iksSbvQFaU&list=PLN17Nn94liux88cwVwqbiRQQo1qK4sOdQ&index=4&pp=iAQB