company code

[#1]

why we are creating company code

Moderator: Hmmm... Indeed, why?

[former_member765905]

Hi Expert,

We create Company Code, becz it is a legal entity. It is required to create for any implementation.

Regards,

GK

SAP

[Former Member]

HI

Dear friend we created the co code becase all transcion are recorded at the and prepare the finincal statement of the concern on that basis we preapare the co code it is the smallest organisation of the concern.

BEST REGRATH

NASERK

[Former Member]

Hi,

First of all welcome to SDN,

Company code is just like an umbrella which covers all the activities within an organization.

In general you can say that this is the identification of your organization in which all activities are caring on.

for more information if your company has businesses in different part of country or world , with different legal entities then these organizations will be defined with different company code let say Nestle has its businesses across the globe so its company codes will be like this NES1(for switzerland) NES2(for Germany) NES3(for USA) and so on.

hope you will get something

Regards,

SAP.TACTICS

Edited by: SAP.TACTICS on Dec 30, 2011 8:56 AM

[Former Member]

Copmany code is a small organization unit within a company to which independent or separate books of A/Cs can be prepared for the purpose of external reports

defining company code is manadatory

T code XK02

[Former Member]

Hi Anil,

Xk02 is for changes in vendor master, for creating a company code OX02 t.code is used.

Regards,

SAP.TACTICS

[Former Member]

Dear expert

The first step of FI configuration is to Create Company Code.Company Code is a unique four alphanumeric characters that represents an independent and legal accounting entity. Itu2019s the smallest and minimum necessary organizational structure in SAP that required by law to provide a set of financial reports (such as Balance Sheet and Profit/Loss Statements). In the real world, a company code can be a company of a corporate group. In an SAP client, there can be one or several company codes. The general ledger is kept at company code level. For consolidation process in SAP EC module, a company code must be assigned to a company. A company can comprise one or more company codes.

Regards

Ajeesh.s

[Former Member]

Hi Hari,

Welcome to SDN.

Please refer the help.sap.com for basic questions. While implimenting/supporting the same in sap if you face any issue do let us know.

Please read "Before you post: Rules of Engagement"

Warm regards,

Murukan Arunachalam