SAP FI Chart of Accounts

Chart of Accounts

Chart of accounts is a grouping of GL accounts that used to post transaction from cross modules and FI modules.  These can be further used for reporting like Balance Sheet, P&L, and Trial Balance etc...Chart of accounts are usually very specific to an organization and you will not find the same chart of account across two different companies. SAP does give you standard set of accounts that can be used as template but it usually requires detail discussion with accounts so a list can be finalized.

Three types of Chart of Account

Operative Chart of account
Country Chart of Account  
Group of Chart of Account

Operative Chart of account:

They are used to post daily expenses. The accounts in Operating Chart of Accounts could be either expense or revenue accounts, or the information is shared by Finance as well as Controlling modules.

Country Chart of Account:

A country-specific chart of accounts contains the G/L accounts needed to meet a specific country's legal reporting requirements. Assigning a country-specific chart of accounts to a company code is optional.

Group of Chart of Account:

The group chart of accounts contains the G/L accounts that are used by the entire corporate group. This enables group reporting. Assigning a group chart of accounts to an operating chart of accounts is optional.

Transaction Codes used for chart of accounts in sap

OB13	To edit define or create chart of accounts list in sap.
OB62	Assign company code to A chart of accounts in SAP
OBD4	Define Account Group in SAP
OB53	Define retained earning account in SAP

For SAP ERP Training or SAP Chart of Accounts Training please visit the links.