SAP Fastest way to create a SAP Company Code

SAP Fastest way to create a SAP Company Code

SAP recommends that you used EC01 to copy an existing company code to a new one.

This has the advantage that you also copy the existing company code-specific parameters.

If necessary, you can then change certain data in the relevant application.

This is much easier than creating a new company code.

Following are the steps to create a new company code:-

Use EC01 to copy an existing company code. This will ensure that you will not missed out any customizing settings.

Tcode is OX02 or Goto tcode SPRO
SPRO -> SAP Ref IMG -> Enterprise Structure-> Definition -> Financial Accounting -> Edit,Copy, Delete, Check Company code

OKKP - Assign company code to the controlling area
OBY6 - Define company code global parameters
OB62 - Assign company code to chart of accounts

Then check the following if needed, there may be other areas depending on your needs:

OBA4 - FI Tolerance Group for Users
FBZP - Maintain Payment program
OBYA - Inter Company code clearing if being used

Meaning and Creation of Company codes

Which is the best method to create a company code.
- copy an existing company code or copying from country templates.

What is the process involved in copying from a country template.

For configuring SAP, generally three steps are required

1) create company name and address
2) creation of company code
3) currency and country setting
4) Assign company code to company

In same organisation i.e. in one company more than two company codes are maintaing, then its better to copy from other company code from ec01, later on you can customised/change specific settings according to client requirements.

If your want seperate setting in your own company code, then its better to configure by creation rather than copy

Otherwise you can upload certain data by creating company code. What is the Difference between Company and Company Code?

Company is the smallest organizational unit for which individual financial statement can be drawn according to the relevant commercial law.

Company code is the smallest organizational unit for which complete, self-contained set of accounts can be drawn up for external reporting purposes.

Anwser
Company - A company is a legal entity or a organisation which is to carry out a business and under a company you have lot of sub companies.