What information do you maintain for a general ledger account on company code level?

Account Currency Definition:In SAP S/4HANA, when you maintain a general ledger (G/L) account on the company code level, one of the key pieces of information you specify is the account currency. This setting determines the currency in which the account will be managed and in which financial transactions related to this account will be recorded.

Implementation Steps:

Access the G/L Account Master:Navigate to the Financial Accounting module, then to General Ledger Accounting, and access the G/L Account Master Data.

Specify Company Code:Enter the relevant company code to ensure you are configuring the account at the company code level.

Enter Account Currency:In the account master data, specify the currency that this account will use. This is critical for transactions, reporting, and compliance purposes.

Dependencies and Considerations:

The account currency must align with the company's operational currency or the currency requirements of specific transactions.

Currency settings impact how transactions are converted and reported in financial statements.

References:

SAP S/4HANA Financial Accounting Configuration Guide

SAP Official Documentation on G/L Account Master Data