Organizational Assignment

[Former Member]

Hi All,

I tried creating an Org Assignment in PA40 and got the response "Define a chart of Accounts first for CoCode". I have defined Cost Ctr, Business Area and assigned them to CoCode but still get the same response. Can someone pls help?

Thanks!

Evita

[Former Member · Accepted solution]

Hi Evita,

Chart of Accounts should be defined and assigned to your company code. Check with your FI team.

Thanks,

Kanna

[Former Member · Accepted solution]

Thanks Guys...but what exactly does Chart of Accounts mean?

Evita

[Former Member · Accepted solution]

Definition: chart of accounts

SAP Business One (SBO)

The index of all general ledger accounts used by one or more companies.

Financial Accounting (FI)

A classification scheme consisting of a group of general ledger (G/L) accounts.

A chart of accounts provides a framework for the recording of values to ensure an orderly rendering of accounting data. The G/L accounts it contains are used by one or more company codes.

For each G/L account, the chart of accounts contains the account number, the account name, and technical information.

A chart of accounts must be assigned to each company code. This chart of accounts is the operative chart of accounts and is used in both financial accounting and cost accounting. Other charts of accounts include:

Country-specific charts of accounts -

These are structured in accordance with legal requirements of the country in question

Group chart of accounts -

This is structured in accordance with requirements pertaining to Consolidation.

Thanks

[Former Member · Accepted solution]

Hi

Consult your FI team they would be in a better position to explain you what Chart of Accounts mean.

Ravee

+91.99206.33669

[Former Member]

Hi all for the support!

Evita

[Former Member]

Hi,

Assign the company code to chart of account in the table of V_001_S. We you can use the standard chart of accounts if you are doing the practice in ides system. If you working in the company ask to the FI consultant they will assign the company code to chart of accounts. Or else they will create one new chart of account.

Chart of accounts:

A classification scheme consisting of a group of general ledger (G/L) accounts.

A chart of accounts provides a framework for the recording of values to ensure an orderly rendering of accounting data. The G/L accounts it contains are used by one or more company codes.

For each G/L account, the chart of accounts contains the account number, the account name, and technical information.

A chart of accounts must be assigned to each company code. This chart of accounts is the operative chart of accounts and is used in both financial accounting and cost accounting. Other charts of accounts include:

Country-specific charts of accounts -

These are structured in accordance with legal requirements of the country in question

Group chart of accounts -

This is structured in accordance with requirements pertaining to Consolidation.

Good Luck

Devi

[Former Member]

Even i faced the same problem once.. check with ur FI team...

Deepi