How to Define Company in SAP

How to Define Company in SAP

The definition of the company in SAP systems is optional. Company is an independent organizational element that is required to consolidate two are more company codes data at country level or segment level or continental level. Under Group Company, you generate consolidated financial statements as per the requirements of an organization.

How to create a company in SAP

You can define the company in SAP by using:-

§ Transaction code: – “OX15“

§ Navigation: – SPRO – SAP Reference IMG – Enterprise Structure – Definition – Financial Accounting – Define Company.

Step 1: Enter Transaction code “OX15” in the SAP command field as shown below image and enter to continue.

Step 2: On the change view “Internal trading partners”: overview screen, click on the “New Entries” button to define the company in SAP

Step 3: On the “New Entries screen, update the following details.

§ Company: – Enter a key that identifies the company group in SAP. In our case, we have updated “VWXYZ” for the creation of the new company.

§ Company Name: – In this field, you need to update the full descriptive name of the company.

§ Name of company 2:- If the second name of the company is available, update it here or keep it blank.

§ Street: – Enter the street name of the company located

§ Postal code: – Enter postal pin code

§ City: – Update city name, in our case we have updated “Bangalore”

§ Country: – Here you need to update the country key. e.g. for India – IN, For United States – US, etc.

§ Language key: – By default our language is English, so the language key is “EN”

§ Currency: – Enter the currency key in which transactions are being maintained for the group company. It is called home currency or local currency.

Note:- You can choose keys from the list for City, Language, and Currency by pressing the F4 key on your keyboard.

Step 4: After updating all the required details, click on the save button to save the company details. Now you are prompted for customized requests, click on the new entries button to create a new customizing request.