What is Global Parameters for Company Code in SAP.

Global Parameters for Company Code OBY6

The following steps will guide you how to Enter Global parameters for Company Code

SAP IMG Path: – SPRO > SAP Reference IMG (F5) SAP Customizing Implementation Guide – > Financial Accounting – > Financial Accounting Global settings – > Company code – > Enter Global Parameters.

Transaction Code: – OBY6

Global Parameters in company code


Double click on your company to enter the global parameters

Global parameters


Then update the following fields

Charts of accounts: – it’s a list of GL accounts master record that are used by organization. A chart of accounts must be allotted to each company code and it’s defined at client level.

Country charts/ Accounts: – we have to enter the country charts accounts if the company Code which is configured has a special country or statutory chart of accounts.

Company: – it’s an organizational unit for which individual financial statements can be drawn according to related commercial law. A company can have one or more company codes and it has local currencies in which the transactions are recorded.

FM Area: – we have Enter Financial Management area key if your using funds management and for functions of treasury module.

Credit Control Area: – to controls the credit limits of your customer you should enter your Credit control area key of your company code.

Fiscal Year Variant: – it’s used to know about fiscal year, which contains 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for yearend activities.

Company Code is Productive: – This setting is apply for your production client, it’s not possible to delete transaction data from the SAP system after set your company code is as productive.

Vat Registration no: – Enter VAT (value added tax) registration number here.

Posting Period Variant: – Its used to control which  accounting period is to open for posting  and also ensures that  closing periods are remain balanced and reconciled.

Propose Value Data: – Select this indicator to make the current date as default date by the system. The valued date is used for Account Payable, Account Receivable and treasury transactions.

Max. Exchange rate deviation: – Enter maximum exchange rate percentage in which a foreign currency transactions can deviate from the rates enter in the exchange rate table.


So, after updating all the mandatory fields, click on save icon to save the configured data.



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