General Ledger A/c group structure of a chart of account is to be drawn out and agreed upon by the business owners before creating it in SAP FI Module. You and the person from client site must decide together while drafting your chart of accounts and specific consideration should be given by differentiating FI module and CO module.
A/c group in a chart of account manage a large number of general ledger a/cs better in SAP by arranging them in groups.
The account group of a COAs in SAP determine following things;
- The general ledger a/c interval (number range of general ledger a/c master) in which the a/c number must be created.
- Field status of different a/c group manages the fields of general ledger a/c master under that a/c group (If certain fields of the company code segment to be optional entry or required entry or displayed then those things can be managed from here).
Account group of chart of accounts are basically manages the layout of the screen. You can define such groups into various types as per your requirement.
One can create the a/c group through transaction code OB62 after creation of chart of accounts in SAP or you can follow the following path to create it;
Path for creating account group in COA: SPRO > Financial Accounting > General ledger Accounting > G/L Accounts > Master Data > Preparation > Define Account Group
One can also copy the SAP delivered standard account group to create there own account group. To copy you can use functionality of copying it from the top menu available in transaction code OB62.
While creating general ledger master data through transaction FS00, you need to select the a/c type to be assigned to a particular general ledger account master. The number you have given to the general ledger a/c master must be within the number range of the account group. Take a drop down under the type/description tab for Account group to see your entire account group created under the chart of accounts.