FS00 SAP Tcode : G/L acct master record maintenance Transaction Code (2023)

FAQs

What is FS00 transaction in SAP? ›

FS00 is for Creation of GL Accounts Centrally i.e, This FS00 contains both segments(Chart of Accounts & Co. Code Segment).

To maintain the G/L account description, proceed as follows: Rune transaction FS00. The system displays the Display G/L Account Centrally screen. Enter the company code and the G/L account number for which you want to create or change the description and choose Change.

In SAP a set of all general ledger accounts are used by a company or a group of companies is called a chart of accounts. These are the accounts that will be used for the preparation of financial statements and reporting. You can use the t-code FS00 to define a G/L account.

SAP Transaction Codes for Display List Of Gl Accounts — the most relevant and popular TCodes are listed at the top. You can click on TCodes to view more information like related TCodes, SAP Help/reference pages, etc. You can also click on the Functional Area to view all the TCodes for that module/sub-module.

You can use the T-code FS00 to centrally define a G/L account. Refer the following screenshot. In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. The next step is to enter the details in the Charts of Account.

When we create the Chart of Account centrally we use FS00 whereas when we need to create Chart of Account only for a segment we use FSP0. FSP0 is only created at the chart of accounts level, By this GL account will not be created completely we need to extend the same GL in company code level by using FS00..

Being the most vital part of financial activities performed in a business, general ledger maintenance is meant to keep the record of income and expenditure incurred in the business. It plays a major role in making wise management decisions and keeping control of business activities.

Explanation. A General Ledger contains all the transaction details of a company. It acts as primary record to maintain all accounting details. Common general ledger entries are customer transactions, purchases from vendors, and internal company transactions.

General Ledger – General Ledger is divided into two types – Nominal Ledger and Private Ledger. Nominal ledger gives information on expenses, income, depreciation, insurance, etc. And Private ledger gives private information like salaries, wages, capitals, etc.

Step-1: Enter the transaction code FS00 in the SAP command field and click Enter to continue. Go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. Step-2: Enter the below details and click on Modify icon.

How do I unblock my GL account on FS00? ›

You can unblock te account at any time. go to FS00 and on the menu bar GL account choose Blcok. Here you can unflag the Blocked for posting and save for the GL account and the company code.

How To create a New General Ledger Account. Step 1) Enter Transaction FS00 into the SAP command prompt , click execute. Enter G/L Account no. Click Create.

Business process– Fb03 is used to display a document. It is one of the most commonly used transaction codes. FB03 is used to display finance documents only. Suggestion– Add this tcode to your favorites. Menu Path- Accounting-Financial Accounting-General Ledger-Document-Fb03 Document Display.

To call line item display, go to the SAP Easy Access menu, and choose Accounting Financial Accounting General Ledger Account Display/Change Line Items (New) . In the selection screen, choose the Entry View pushbutton. The system records which view you last used to display the list.

After the account assignment has been supplemented, you can make transfer postings manually for the balance carryforward values. For this, you can use the transaction FBCB in new General Ledger Accounting (Post Balance Carryforward for Ledger Group).

Hence, GL account mapped to customer is called reconciliation account or recon account. Recon account cannot be directly posted. Recon account is automatically posted when posting to customer happens.

General Information

GL Dump Accounts rule controls which general ledger accounts are included in the overnight inventory reporting and reconciliation features, commonly referred to as the Nite Inventory process.

What are different types of GL? ›

The general ledger balance sheet reconciliation requires deducting the total number of debits from the total number of credits, to ensure that the balance amount in all of the accounts is accurate.

A GL account records all transactions for that account. The transactions are related to various accounting elements, including assets, liabilities, equity, revenues, expenses, gains, and losses. For example, cash and account receivables are part of the company's assets.

The chart of accounts organizes your finances into five major account types, called accounts: assets, liabilities, equity, revenue, and expenses.

Accounting records are all of the documents involved in preparing financial statements for a company. Certain regulatory bodies require companies to keep their accounting records for several years in the event that they need to be reviewed.

General Ledger Accounts (GLs) are account numbers used to categorize types of financial transactions. Most commonly used GLs are revenues, expenses and transfers. A “chart of accounts” is a complete listing of every account in an accounting system.

A general ledger (GL) is a set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports. Each account is a unique record summarizing a specific type of asset, liability, equity, revenue or expense.

How do I change my GL code? ›

In the Chart of Accounts application, select the organization for which you want to change the general ledger account code. Click View Details for the code that you want to change. Optional: Change the information in the GL Account Description field, the Type field, the Active Date field, and the Expiration Date field.

Go to T. code: FS00. Enter GL account and company code. Deselect the relevant items to unblock and click on save.

Key Takeaways

Banks may freeze bank accounts if they suspect illegal activity such as money laundering, terrorist financing, or writing bad checks. Creditors can seek judgment against you which can lead a bank to freeze your account. The government can request an account freeze for any unpaid taxes or student loans.

Balancing a general ledger involves subtracting the total debits from the total credits. All debit accounts are meant to be entered on the left side of a ledger while the credits are on the right side. For a general ledger to be balanced, credits and debits must be equal.

There are 6 types of GL accounts are there as per SAP.

Account Types allowed − Asset, Customer, Material, Vendor, and G/L Account.

SAP Transaction FBL5N can be utilized to display customer receivables. This report displays if receivables are parked, posted, paid or overdue. Access the transaction by utilizing the command field or double clicking the menu item.

FK03 is a transaction code in SAP LO application with the description — Display Vendor (Accounting).

The t-code FB05 is an SAP FICO t-code that belongs to the FIBP package. It is used for posting a document and clearing the open item for the GL, Vendor & customer.

What is the Tcode for GL chart of accounts list? ›

G / L Chart of Accounts List. Use the T-code S_ALR_87012326 or in the SAP Easy access menu, go to Accounting → Finance Accounting → General Ledger → Information System → General Ledger Reports → Master Data → Chart of Accounts.

Note: T-code FAGLB03 is used to Display GL Account Balance in the SAP system whereas t-code FAGLFLEXT is used to display the totals table for the G/L account balance.

SAP Transaction Codes for Display Gl Account Hierarchy — the most relevant and popular TCodes are listed at the top. You can click on TCodes to view more information like related TCodes, SAP Help/reference pages, etc. You can also click on the Functional Area to view all the TCodes for that module/sub-module.

Picking list is the list of materials that are to be picked during delivery processing. You can view the picking due list in VL06 (Delivery Monitor) or directly VL06P.

You can use the transction Code MM60 to lis t all materials irrespective of the plants.

Field Status Variant is used to define the fields which are used for input like cost center, profit center, plant, etc., which are entry fields, and hidden fields. Field status Variant is a tool which is provided by SAP to assign the same set of properties to more than one object.

You use this field to define which fields are displayed when you post accounting transactions to a G/L account. A field may have one of the following statuses: hidden (suppressed)

Definition. G/L account master records contain the data that is always needed by the General Ledger to determine the account's function. The G/L account master records control the posting of accounting transactions to G/L accounts and the processing of the posting data.

Account Types allowed − Asset, Customer, Material, Vendor, and G/L Account.

What are the document types in SAP? ›

Field Status Group Logic: Field status group for a GL account can be found in Create/bank/interest tab of GL master FS00. Using this FSG configuration, certain fields of Accounting document or other references of GL account can be suppressed, made required entry or also optional entry. .

In Customizing, Financial Accounting->General Ledger Accounting->G/L Accounts->Master Data->G/L Account Creation->Change G/L Accounts Individually. Enter the account number, enter the chart of accounts or company code, and press Enter.

Definition. This is a list of all G/L accounts used by one or several company codes. For each G/L account, the chart of accounts contains the account number, account name, and the information that controls how an account functions and how a G/L account is created in a company code.

The simplest way to assign general ledger codes is to start with a numeral, such as 100, assigning each subsequent credit or debit category a numerals that adds one more numeral to the number. In this instance, your first five codes would be 100, 101, 102, 103 and 104.