Topic 8 : Company Code

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

For Example:

Tata is a company
TCS,Tata Power,Tata Steel, is a company code under a company TATA
Under Company code you have business area associated with it where the business areas may be scattered in different parts of the world where you can have reporting done for different business area or you can also call it as Profit Centre.

Company Code - A company is the Group of company and company code is the all the companies for which u want separate books of accounts.

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.

Along with that technical difference is.,

COMPANY consists of 6 digit alphanumeric key &

COMPANY CODE consists of 4 digit alphanumeric key.

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For configuring SAP, generally 4 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

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FIRST YOUR SAP SCREEN LOOKS LIKE THIS...

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This is the place where you type Transaction code (T-CODE)

T-Code is the code takes you into other screen.

Example if your want to updates any table (Data) so you need to enter SM30, it will takes you to the SM30 screen where you need to enter TABLE CODE (Each table have one unique code, you can update/delete the data using the table code/name in SM30.

That SM30 you should enter this place.

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SAP HR Consultants will do configuration in SPRO - Back-End configuration setup T-code.

SPRO T-code will redirect you to Back-End Setup screen where you can access to SAP Modules, like Payroll, Time Management, Personal Administrations, PD, benefit....


Type: SPRO