Comments on: SAP: Company Codes Overview http://www.whypad.com/posts/sap-company-codes/76/ Tips, tricks, and hacks for life and tech... Thu, 29 Jul 2010 21:42:01 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: asha http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-3964 asha Thu, 25 Mar 2010 09:43:03 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-3964 Hi, About the company code creation, i had a doubt. Generally it is recommended that we should copy the company code from an existing company code. I find that while copying from source to target co code, there are default values for tax code - input and output tax code appearing in the target co. code. These values are visisble in Table T001. But am not able to find out how can i edit them. If i wish to have no values for input and output tax codes for the target co code, then how can i carry this out. Please advise. Hi, About the company code creation, i had a doubt. Generally it is recommended that we should copy the company code from an existing company code. I find that while copying from source to target co code, there are default values for tax code – input and output tax code appearing in the target co. code. These values are visisble in Table T001. But am not able to find out how can i edit them. If i wish to have no values for input and output tax codes for the target co code, then how can i carry this out. Please advise.

]]> By: nalini deshbhratar http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-3794 nalini deshbhratar Tue, 16 Feb 2010 15:39:13 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-3794 i want to understand two company assign one company and two personnel area assign then and four personnel area assign then and two employees group assign then and four employees subgroup assign then? i want to understand two company assign one company
and two personnel area assign then
and four personnel area assign then
and two employees group assign then
and four employees subgroup assign then?

]]> By: Byron Bennett http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-3357 Byron Bennett Wed, 28 Oct 2009 14:07:30 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-3357 ROG, As Deepak suggests, the SAP standard for this situation would be to use 4 separate Company Codes. By definition, Company Codes are to be used for individual Legal Entities. This greatly facilitates producing the required financials and the consolidation of them. Consolidations can be accomplished in a number of ways, including the built-in ECCS module. Your company may have some very compelling reasons to not use separate company codes, but it should look for ways that it can make the standard work in this case, instead of ways it can make the single CoCode scenario work. This could save lots of headaches down the road. Byron ROG,

As Deepak suggests, the SAP standard for this situation would be to use 4 separate Company Codes. By definition, Company Codes are to be used for individual Legal Entities. This greatly facilitates producing the required financials and the consolidation of them.

Consolidations can be accomplished in a number of ways, including the built-in ECCS module.

Your company may have some very compelling reasons to not use separate company codes, but it should look for ways that it can make the standard work in this case, instead of ways it can make the single CoCode scenario work. This could save lots of headaches down the road.

Byron

]]> By: Deepak Kataria http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-3355 Deepak Kataria Wed, 28 Oct 2009 07:06:52 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-3355 I agree with you, you will face problems if u want to generate seprate financial statements for seprate compnay. In my suggestion you must go for four different company codes under the unbrella of one. you can generate four seprate financial statements as well the consolidate balance sheetof one also. I agree with you, you will face problems if u want to generate seprate financial statements for seprate compnay. In my suggestion you must go for four different company codes under the unbrella of one. you can generate four seprate financial statements as well the consolidate balance sheetof one also.

]]> By: ROG http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-3141 ROG Wed, 09 Sep 2009 09:39:29 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-3141 Hello. I am an accountant, and the company which I work for are proposing to integrate four separate legal entities in to one company code on SAP, rather than setting up multiple company codes in an effort to save cost and time. They are suggesting setting up separate cost centres and sales orgs for the new companies, and to amend all current reports to run by cost centre. My gut feeling is that it is a bad idea, and that it would create big problems when it comes to creating separate Financial Statements for the entities. However I do not have enough SAP experience and knowledge to back up my view point. What is your opinion on this? Hello.

I am an accountant, and the company which I work for are proposing to integrate four separate legal entities in to one company code on SAP, rather than setting up multiple company codes in an effort to save cost and time. They are suggesting setting up separate cost centres and sales orgs for the new companies, and to amend all current reports to run by cost centre. My gut feeling is that it is a bad idea, and that it would create big problems when it comes to creating separate Financial Statements for the entities. However I do not have enough SAP experience and knowledge to back up my view point.

What is your opinion on this?

]]> By: Byron Bennett http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-1033 Byron Bennett Fri, 23 Jan 2009 07:04:48 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-1033 Hi Patrick, A good rule of thumb, and probably the right rule of thumb, is that if you have separate legal entities, you should use separate company codes. We have subsidiaries which are separate legal entities that are owned by our parent corporation. We have created different company codes for all of these. They use the same chart of accounts because none of them are actually on SAP. Even our Canadian sub has the US chart in SAP. They do their accounting in their system and send the books to us in a spreadsheet, which we use to load into our system. I highly recommend going with separate company codes if you have separate legal entities. There may be some exceptions to that rule, but I am unaware of them. But if anyone is, please speak up. If you don't have separate legal entities, I don't know of a reason that you would want to use separate company codes. You could very likely accomplish anything you want in either PCA or using one of the other structures. Cheers! Byron Hi Patrick,

A good rule of thumb, and probably the right rule of thumb, is that if you have separate legal entities, you should use separate company codes.

We have subsidiaries which are separate legal entities that are owned by our parent corporation. We have created different company codes for all of these. They use the same chart of accounts because none of them are actually on SAP. Even our Canadian sub has the US chart in SAP. They do their accounting in their system and send the books to us in a spreadsheet, which we use to load into our system.

I highly recommend going with separate company codes if you have separate legal entities. There may be some exceptions to that rule, but I am unaware of them. But if anyone is, please speak up.

If you don’t have separate legal entities, I don’t know of a reason that you would want to use separate company codes. You could very likely accomplish anything you want in either PCA or using one of the other structures.

Cheers!
Byron

]]> By: patrick http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-1032 patrick Fri, 23 Jan 2009 06:30:55 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-1032 Hi Byron, Are there any merits / demerits or limitations of having single v/s multiple company code. Can you help me with some input. Hi Byron,
Are there any merits / demerits or limitations of having single v/s multiple company code.

Can you help me with some input.

]]> By: byron http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-464 byron Sun, 06 Jul 2008 15:12:10 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-464 Hi Praveen, What is the error message you are getting? If I can't help, maybe somebody else might be able to. Byron Hi Praveen,

What is the error message you are getting? If I can’t help, maybe somebody else might be able to.

Byron

]]> By: PRAVEEN http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-459 PRAVEEN Tue, 01 Jul 2008 04:52:05 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-459 I am not able to create company code. It shows error while entering country key - India. Please clarify. I am not able to create company code. It shows error while entering country key – India. Please clarify.

]]> By: SAP: What is FICO | WhyPad http://www.whypad.com/posts/sap-company-codes/76/comment-page-1/#comment-13 SAP: What is FICO | WhyPad Thu, 21 Jun 2007 22:40:54 +0000 http://www.whypad.com/posts/sap-company-codes/76/#comment-13 [...] primary org unit that is used in FI is the company code. For an overview of company codes, read here…and [...] [...] primary org unit that is used in FI is the company code. For an overview of company codes, read here…and [...]

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