SAP FI - General Ledger&COA Group& Retained Earnings Account

You can create a SAP FI chart of accounts group as per your requirement. To effectively manage and control a large number of G/L accounts, you should use COA groups.

How to define Chart of Accounts Group?

There are two ways you can create a new COA group. The first method is to use the T-code OBD4.

You can also reach to this screen by following the path −

T-code SPRO → SAP Reference IMG → Financial Accounting → General Ledger Accounting → G/L Accounts → Preparations → Define Account Group → Execute → New window will open → New Entries.

Populate the following fields in the COA group: Chart of Account Key, Acct Group, Name, From Acct. and To Account details.

After providing the required details, click the Save Configuration option to create the COA group.

SAP FI - COA Group

You can create a SAP FI chart of accounts group as per your requirement. To effectively manage and control a large number of G/L accounts, you should use COA groups.

How to define Chart of Accounts Group?

There are two ways you can create a new COA group. The first method is to use the T-code OBD4.

You can also reach to this screen by following the path −

T-code SPRO → SAP Reference IMG → Financial Accounting → General Ledger Accounting → G/L Accounts → Preparations → Define Account Group → Execute → New window will open → New Entries.

Populate the following fields in the COA group: Chart of Account Key, Acct Group, Name, From Acct. and To Account details.

After providing the required details, click the Save Configuration option to create the COA group.

Retained Earnings Account

Retained Earnings Account is used to carry forward the balance from one fiscal year to the next fiscal year. You can assign a Retained Earning Account to each P&L account in the chart of accounts (COA). To automatically carry forward the balance to the next fiscal year, you can define P&L statements as per COA and assign them to the retained earning accounts.

How to define Retained Earnings Account?

There are two ways to define a Retained Earnings Account. You can either use the T-code OB53 or by T-code SPRO. Go to SAP Reference IMG → Financial Accounting → General Ledger Accounting → G/L Accounts → Preparations → Define Retained Earnings Account → Execute.

Enter the Chart of Accounts to define the Retained Earning Account for COA and press Enter.

Provide the P&L Account statement account type and account → Press Enter and save the configuration.