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Revise Chart of
Accounts
Before you prepare for G/L account creation in
the R/3 System, you may have to revise your existing G/L chart of
accounts.
This may be necessary because:
- You want to reduce the number of G/L accounts
you are already using.
- Your current organization has several legally
independent companies using different G/L accounts, but you now want them all
to use the same chart of accounts in the R/3 System.
- You want to extend the length of the account
numbers.
- Your cost accounting operations are currently
carried out in financial accounting, but in the future you want to implement
cost accounting as a separate component.
Activities
Prior to creating a chart of accounts and G/L
accounts in the system, you should go through the following activities to find
out which accounts your organization requires.
1. Determine
the account classification (such as account system) you want to use to
structure your chart of accounts with.
2. Find out
from your employees which G/L accounts are needed for which business
transactions and which accounts they currently post to.
3. Identify the
accounts which are no longer required.
4. Determine
which particular accounts are used for automatic postings or special G/L
transactions in the R/3 System. Decide which ones you want to include in your
chart of accounts. To do this, analyze the charts of accounts delivered with
the standard system.
Additional
Information
The Financial Accounting documentation
describes those G/L accounts that are specially needed in the R/3 System from
a business perspective.