G/L Account Master Data in the Chart of Accounts
G/L account master data in the chart of accounts area contains information about the G/L account that is valid for all company codes. The chart of accounts area also contains data that controls how a G/L account is created in the company code-specific area.
To make certain that company codes using the same chart of accounts can also use the same G/L accounts, a master record is created for the G/L account in the chart of accounts and in the company code-specific areas.
Structure
The following information is contained in the chart of accounts area of a G/L account master record.
Chart of accounts
Account number and account name (short and long text)
G/L account type
Specifies whether the account is a balance sheet account, a nonoperating expense or income account, a primary cost element, or a secondary cost element.
Account group
With the account group, you group similar accounts together and control the creating and changing of master records. They control:
The account number interval in which the account number must lie.
The screen layout for creating G/L accounts in the company code-specific area. This means that you can define whether fields require an entry, may have an entry, or are hidden when creating or changing a master record in the company code-specific area.
You defined the account groups prior to creating G/L accounts. For more information, read Account Group
Entries which are necessary for consolidation are trading partner and group account number.