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.