Company Code in SAP
When any business or organization is going to be set up, it needs to be registered in the respective country under the Company Act with a unique name, address, nature of business, and governing body. Generally, it is the head office of that organization.
What Is A Company Code In SAP
- A company code is a legal and independent accounting unit that is responsible for the entry of all accountable transactions.
- Maintain and publish statutory requirements according to the Company Act.
- Profit and Loss statement
- Balance sheet.
Feature of Company Code
- Company code is the Higher organisational unit of the Finance module. So FI Consultants create a company code.
- Company code is a physical entity so it has a location and address.
- Length of characters:
- 4 Character Alpha-numeric Key
- A company Code can be created with a new one and can also be created with reference from predefined company codes like 0001 or 1000.
- Currency and Language can be maintained for a Company Code.
Relationship and Assignment
- Company:
- One company can have multiple Company codes.
- One Company Code can be assigned to only one company.
- Plant:
- One Company Code can have multiple plants in different location.
- However, one Plant can be assigned to only one company code, because one Plant can be the property of one organisation, not multiple organizations. Day-to-day expenses of the plant can be booked under one company code only.
- Sales Organisation:-
- One company code must have one Sales organization.
- One Company Code may have multiple Sales organizations.
- One Sales organization can be assigned to only one company code.
Technical Information
- Company code T.Code: [OX02]
- Path:- IMG > Enterprise Structure > Definition > Financial Accounting > Edit, Copy, Delete, Check Company Code > Edit Company Code Data
- Company Code Table Name:- T001
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