Chart of accounts in S/4 Hana Finance

Chart of account master in S/4 Hana Finance

In S/4 Hana Finance chart of account master has been changed.

Summary:

In S4 Hana Finance we handle chart of accounts and cost elements using one transaction – FS00.

Transaction KA01 (create cost elements) is no longer in use.

For default account assignments transaction OKB9 has to be used.

We use T Code FS00 and take a look on COA master:

We take a look in detail what values can be entered.

We have one master for chart of accounts including secondary cost elements.

Taking a look in  table SKA1 we can see we have new field –  GLACCOUNT_TYPE

Following data can be entered:

X: Balance Sheet Account

N: Nonoperating Expense or Income

P: Primary Costs or Revenue

S: Secondary Costs

When doing migration to S4 Hana Finance – secondary cost elements have to be handled.

I am looking for your feedback and discussion.

Thank you

all the best erwin