Define Company Code

Define Company Code:

In this task, you will establish your company codes. A company code serves as an organizational unit within accounting, helping to define the financial structure of the business organization.

It is advisable to duplicate an existing company code, as this allows you to retain the specific parameters associated with that code. You can subsequently modify any necessary information within the relevant application. This approach is significantly more efficient than starting from scratch with a new company code.

Menu Path:

SPRO-SAP Reference IMG-Enterprise structure-Definition-Financial accounting-Edit, Copy, Delete, Check Company Code.

Transaction Code:

OX02

The interface will appear as follows,

To proceed, double click copy, delete, check company code and the display will be as follows,

To proceed, click on the copy org.object icon indicated in the image above, and the screen will display,

Select the popup indicated in the image above, and the screen will display,

We established a company that operates with INR currency, and therefore, it is necessary to create a corresponding company code based on INR. Please choose either IBM INDIA PVT LTD or another company that utilizes INR as its currency.

To proceed, double-click on the chosen company, and the following screen will appear:

You have the option to choose a four-character alphanumeric key to serve as the company code identifier. This key is essential for recognizing the company code and must be provided when recording business transactions or establishing master data specific to the company code.

To proceed, enter KK02 as my choice and then click the checkmark icon as illustrated in the image above. The subsequent screen will appear as follows:

Select yes, and the display will be,

To select INR in the currency tab, or enter INR and then click the checkmark icon. The screen will then display the updated information.

At times, the screen mentioned above may appear, while at other times it may not. Simply click the checkmark icon again, and the screen will be displayed.

Select the tick mark icon once more, and the screen will display,

Please select Yes.

The same request code we previously created is now being presented again. Each time this prompt appears, any modifications will be recorded under the code S71K903672 exclusively.

Please click the tick mark icon.

Please click the tick mark icon once more.

Please click the checkmark once more.

The datas from the code 0022 from IBM has now been transferred to our code KK02. Please click the checkmark, and the screen will display the following information,

To return to the previous screen, please click the back button displayed in the image above.

To proceed, double-click on the highlighted company code data in the image above. The subsequent screen will appear as follows:

Select position,

Enter KK02 as our company code in the designated company code field, and then select the checkmark icon.

To proceed, choose KK02 and then click on the details icon as illustrated in the image above. The screen will then display,

The company name should now be updated to reflect our established name, and the city must also be modified as previously specified.

The country, currency, and language will remain unchanged as provided earlier.

The subsequent screen will be,

Address Information:
The address information is essential for communication and appears on documents, including the advance return for sales and purchase tax.
National Currency:
Your financial records must be maintained in the national currency, also referred to as the local currency or the currency of the company code. Transactions recorded in foreign currencies will be converted into the local currency.
Country Code:
The country code designates the home country, with all other nations classified as "foreign." This distinction is important for business and payment processes, as different forms are required for international transactions. Additionally, this configuration allows for varied address formatting in foreign communications.
Language Code:
The system utilizes the language code to automatically select text in the language pertinent to the specified country.

To proceed, click the save icon depicted in the image above, and the subsequent screen will appear.