How Do I Assign A GL Account In SAP?

How GL account is determined in SAP?

Most of the transactions in SAP are recorded against the GL account.

During creation of billing document form a sales order , an accounting document is created where material value is posted against a G/L account..

What is the difference between GL and cost center?

1. GL is a FI object and used for external reporting, whereas cost centers are CO objects and used for internal management reporting. … Salary exp etc., whereas by cost center you decide where are expenses were incurred, like Production department, Mkt. Department, HR department etc.

How do I assign a GL account to cost center?

Assignment Rules – Center. Assignment Rules – G/L Account….Create an Assignment Rules – Center record for each cost center or profit center to be available for allocation.In Setup, open Custom Settings. … Click Manage in the row of Assignment Rules – Center.Click New.Specify the information as necessary.Click Save.

How do I assign a cost center to a GL account in SAP?

How to assign Cost Centers to Profit Center in SAPStep 1) Enter Transaction Code SPRO in the SAP Command Field.Step 2) In the next screen, Select ‘SAP Reference IMG.Step 3) In the next screen , ‘Display IMG’ Follow the menu path Controlling->Profit Center Accounting -> Assignments of Account Assignment Objects to Profit Center ->Assign Cost Centers.More items…•

How do I assign a category to a GL account in SAP?

You must assign the following accounts in Customizing to the item categories:Balance sheet accounts — item category Balance Sheet Account (01000)Bank accounts (cash fund) — item category Cash Account (04000)Expense accounts — item category Expense (20000)Revenue accounts — item category Expense (30000)

How do I assign a GL account to condition type?

Go to Pricing procedure and for the condition type check which account / accural key is assigned and depending upon this key the GL account is been assigned. Check in OBYC and OB40 (tax) for GL account for these keys.