Create Company Code  Name Code Country Currency Address
Chart of Accounts  Contains all A/C’s of the company
Parameter ID Setup  When u create a transaction what default info should come?
Assign Company Code to Chart of A/C’s  My Company will follow this Chart of A/C’s
A company can follow a Chart of A/c.
Assign a Fiscal Year for the Company.
Assign Company Code to Fiscal Year
Credit Control Area  How much credit will u give your customers?
Assign Company Code to Above Area.
Create Account Groups  1) Balance Sheet Account 2) Income Statement Account 3) Reconciliation Account + Retained Earnings Account 4) Vendor Account – Will come later
Create individual GL accounts  1) Bank Account – BS Account 2) A/C’s Receivable reconciliation acc – Reconciliation Group 3) Trading Goods Inventory acc – BS Account 4) Operating Supplies Acc – BS Account 5) A/C’s Payable reconciliation acc - Reconciliation Group
If you put ZALL all fields will be open by default to enter data. 6) Goods Receipt A/C – BS 7) Input Tax A/C – BS 8) Output Tax A/C – BS 9) Retained Earnings A/C- BS 10) Common Stock A/C – BS – Capital Account in India 11) Trading Goods Consumption A/C – PL Account – COGS 12) Operating Supplies A/C – PL 13) Misc Expense A/C – PL
Define posting periods and assign it to the company code.
Create tolerance groups
Create payment program to determine how do you want to pay – cash, bank.
Determine Initial cash Investment by owners in Capital Account/ Common Stock Account.
Create Vendor Master Record for Landlord ---- tanager leasing
Create Rent Expense Account – 1500
Create Invoice Receipt to determine how much I have to pay the landlord
Post payment, My Vendor Account of tanager should show 0 as pending
Define Plant – Production Unit
Define