SAP how-to guides · Lesson

Configure company code

Quick answer

Copying the delivered reference company code brings a lot of consistent settings, faster and safer than starting blank.

Key takeaways

In SPRO: Enterprise Structure → Definition → Financial Accounting → Define/Edit company code (or copy the SAP reference for speed).
Set the company code key, name, and address.
Assign the currency, chart of accounts, and fiscal year variant.
Watch out: Following steps without understanding the concept.

Step by step

In SPRO: Enterprise Structure → Definition → Financial Accounting → Define/Edit company code (or copy the SAP reference for speed).
Set the company code key, name, and address.
Assign the currency, chart of accounts, and fiscal year variant.
Configure global settings: posting-period variant, document types, tolerances.
Assign the company code within the enterprise structure (to controlling area, etc.).

Notes and tips

Copying the delivered reference company code brings a lot of consistent settings, faster and safer than starting blank. Currency, chart of accounts and fiscal year are foundational and hard to change later, so decide them carefully. Do this in DEV, capture it in a transport, and test in QAS.

Common pitfalls

Following steps without understanding the concept.
Skipping testing in a non-production system.
Applying blindly to a different scenario.

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Check your understanding

Which statement is true of Configure company code?
- A. ST22 (ABAP Dump Analysis) is the transaction for viewing short dumps.
- B. Currency, chart of accounts and fiscal year are foundational and hard to change later, so decide them…
- C. Navigating SAP Fiori centers on the launchpad, a personalised, role-based home page of app tiles, and the…
Show answer
B. Currency, chart of accounts and fiscal year are foundational and hard to change later, so decide them…
Covered in the “Notes and tips” section of this lesson.
Which of these also applies to Configure company code?
- A. Do this in DEV, capture it in a transport, and test in QAS.
- B. Guessing instead of reading the log/dump.
- C. Reading tables directly instead of using CDS/reports where appropriate.
Show answer
A. Do this in DEV, capture it in a transport, and test in QAS.
Covered in the “Notes and tips” section of this lesson.
Which part of the Learn SAP curriculum covers Configure company code?
- A. SAP interview questions
- B. SAP PP
- C. SAP how-to guides
Show answer
C. SAP how-to guides
This lesson sits in the SAP how-to guides section of the Learn SAP course.

Frequently asked questions

What does the term Configure company code refer to in SAP?

The company code is the legal entity for financial accounting. This guide outlines creating and configuring one in the IMG (SPRO).

What else is worth knowing about Configure company code?

Copying the delivered reference company code brings a lot of consistent settings, faster and safer than starting blank.

What is the practical takeaway on Configure company code?

In SPRO: Enterprise Structure → Definition → Financial Accounting → Define/Edit company code (or copy the SAP reference for speed). Set the company code key, name, and address. Assign the currency, chart of accounts, and fiscal year variant.

What tends to go wrong with Configure company code?

Following steps without understanding the concept. Skipping testing in a non-production system. Applying blindly to a different scenario.