Flya Kite FI CO Chapter

Group info controls creation of the controls master

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Unformatted text preview: o controls creation of the controls master record in the company code company Quarles: Flya Kite Account number 10000000 Chart of accounts Balance sheet account P&L statement acct type Account group 14 Account Group Identifier that controls which fields Identifier must be entered when the account is must created created Can determine a valid number Can interval for the G/L account interval Must be created before creating G/L Must master records - configuration data configuration Quarles: Flya Kite 15 Account groups Chrt/accts Acct group From acct To account Description FLCH FLCH FLCH 10000000 60000000 11000000 Quarles: Flya Kite BSA PLA RAA 39999999 79999999 30000000 Balance sheet P & L accounts Reconciliation 16 G/L Master Records Contains Company Code information – Account Currency Account Currency – Tax Category Used for country specific taxes during pricing – Reconciliation Account for Account Type – Open Item Management Whether each item in an account must be used Whether to clear other line items in the same account – to each line must zero out before it can clear – Line Item Display Quarles: Flya Kite 17 Company Code Information Sort key – Necessary when Line Item display is Necessary Line selected – Determines the field that will be used to Determines sort the line items sort Posting date Document date Cost center Others Quarles: Flya Kite 18 Company Code Information Reconciliation account – Accounts receivable, Accounts payable, Accou...
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