Company Code in mySAP

November 18, 2009 by CRM
Filed under: Sale and Distribution

For a company code, a complete independent accounting unit can be represented as the smallest organizational unit in external accounting. This includes entry of all accountable transactions and the creation of all proofs for a legally required individual account closing, such as the balance sheets and the profit and loss statement.

A company code is established in the SAP R/3 system for a legal entity. A balanced set of books is maintained for the company code.

The company code level is the lowest level in the organization where accounting can be carried out. It is the level at which business transactions are processed and accounts are managed. Balance sheets and profit/loss statements are produced at this level.

Examples of a company code are: a company within a corporate group or a subsidiary.

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