The use of different charts of accounts has no effect on the balance sheet and profit and loss statement.
When creating the balance sheet or the profit and loss statement, you can choose whether to balance the company codes which use different charts of accounts together or separately.
If you have defined business areas, the transaction figures for the G/L accounts are managed separately for internal evaluation purposes.
You can therefore create internal financial statements for business areas.
You therefore only need to make these specifications, or enter this data once. Users must enter a client key when they log on to the SAP System.
These sections are automatically selected when you create your implementation projects (company IMG, project IMG).
The company code is the central organizational unit of external accounting within the SAP System.
You define your fiscal year variants in Customizing for Financial Accounting as follows: Financial Accounting Global Settings Fiscal Year Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year) You define a shortened fiscal year in Customizing for Financial Accounting as follows: Financial Accounting Global Settings Fiscal Year Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year) Irrespective of how you have defined your fiscal year, you can also use special periods.
Special periods subdivide the year-end closing period.