Normally all company codes use the same operational chart of account irrespective of country. But some countries have legal requirement to prepare financial reports using specific accounts. This can be achieved using country chart of account in sap.
Consider below example to understand the concept of country chart of account.
Below picture explains the concept better
As shown in above picture, account in operation chart of account is mapped to country specific account.
When document is posted, account from operational chart of account is posted. Hence financial reports are available in accounts listed under operational chart of account. Since account in operational chart of account are mapped with specific account in country chart of account, hence financial report in country specific accounts is also available in sap.
Below picture just to give you a comprehensive view of mapping country chart of accounts with operational chart of account.
Account in operation chart of account is mapped to country specific account in country chart of account
When country chart of account is used, it’s mandatory to map every single account in operational chart of account to an account in country specific chart of account.
Normally, an account in operational chart of account is mapped to a single account in country specific chart of account.
But practically business might require mapping multiple accounts in operational chart of account to single account in country specific chart of account. This can be done by setting sap error message into warning message.
How general ledger account in operation chart of account is mapped with general ledger account in country chart of account?
Operational chart of account INT is mapped with country chart of account ZINT
After chart of accounts are mapped, general ledger accounts are mapped as shown below.
Account 1 belonging to INT is mapped with account 101 mapped with ZINT.
Alternate account no. refers to general ledger in country chart of account.
Does a separated document get generated for country chart of account?
No separated document is generated for country specific accounts. Document is posted only with accounts in operational chart of account.
If there is no document with general ledger accounts belonging to country chart of account, then how financial reports are available with country specific accounts?
Financial statement (balance sheet and profit & loss statement) can be drawn from operational chart of account or country chart of account or group chart of account as shown below.
In above example, group chart of account is shown to get data from only one company code. But in practical scenario, group accounts will pull data from multiple company codes. That is how group accounts help in arriving at consolidated financial statement.