What is (definition of) Account Group and it's importance in SAP MM?

[Former Member]

Hi All,

I want to know what is (definition of) Account Group and it's importance in SAP MM?

Regard's

Yogesh

[Former Member]

HI,

Account groups determine which fields you can configure on the G/L master record.

The standard SAP require at least two account groups, one for balance sheet accounts and one of the profit and loss accounts.

Account group controls the

- No ranges of Documents

- Field status of the master records

- One time Customer / Vendor

Thanks

Chandru

[Former Member]

To Manage and Organize large number of G/L Accounts, they are arranged in Account Groups. Hence we may call it as a summary of accounts based on criteria that effects how the master data has created.

Defining Account Group in SAP:

IMG Menu-> Financial Accounting -> General Ledger Accounting -> G/L Accounts -> Master Records -> Preparations -> Define Account Group

Generally in Vendor Master data the account group has been used more. Such as, the type of number assignment and the number range from which the account number used by the system to identify the vendor is assigned and which partner determination schemas are valid.

[Former Member]

In ECC 6

SPRO- IMG -Financial A/C new -Vendor Accounts-Master DAta- Define account groups.

Refer to SAP Help.

[ashish_andani]

hi..

Usually, company use different Vendor group for different categories of vendor. Each group can be separated as regular or irregualr vendors or one-time vendors, domestic vendors, international vendors etc..

Each vendor master can have different fields set as required, optional or suppressed.

Start transaction OBD3 to configure the Vendor Account Group.

Hope it works..

Thanks.