Step1.

Financial Accounting Global Settings (OB29)

E.g. – V3 (Every Month is one Posting Period)

Step2.

Menu Path IMG  Financial Accounting (New)  Financial Accounting Global

Settings  Ledger  Fiscal Year and Posting Periods  Periods

A). Define Variants for Open Posting Periods (OBBO)

Step 1. Maintain and Assign fiscal year Variant.

B). Assign Variant to Company Code (OBBP)

C). Open and Closing Periods (OB52)

Select (+, A, D, E, K, M, S) and copy to Your Variant.

Step3.

Define Document Number Ranges (FBN1)

Copy from the Standard India Company.

Step4.

Define Document Types (OBA7)

Select all financial documents and assign to company code to CAIN

Step5.

Define Maximum Exchange Rate Different Per Company Code (OB64)

Step 6.
A). Maintain filed status Variants – (OBC4)

Select your field status click on the Fields Status Group Double Click.
B). Assign Company Code to Field Status Variants (OBC5)

C). Screen Variant for Document Entry (OB71)

D). Define Tolerance Group for a Employees. (OBA4)

Step7.

Enable fiscal year Defaults

Menu Path – IMG  Financial Accounting  Document  Default values  Default

Values for document processing

A). Enable fiscal year Default (OB63)

B). Default Value Date – (OB68)

Step8

Accounting Document Archiving

A).Archiving, Account type life (OBR7)

B). Archiving, Document type Life (OBR8)

 General Ledger Settings
Step 1

(A). Edit Chart of Account List (OB13)

Don’t change any thing

(B). Assign Company Code to Chart of Account – (OB62)

(C). Define Account Groups – (OBD4)

Choose Standard Account group (E.g. AS, CASH, GL, MAT, PL, and RECN).

(D). Define Retained Earning Account (OB53)

Step 2

A).Copy Chart of Account (OBY7)

B). Copy Company Code (OBY2)

Step 3

Define Accounts for Exchange rate difference (OB09)

Step 4

Define Tolerance Group for G/L Accounts (OBA0)

Copy the Standard one to our company code

 Define in house Banks
Define in house Bank – (FI12)

Tax on Sales & Purchase

Step 1

Menu Path  Financial Accounting  Financial Accounting Global settings  Tax on

sales and purchases  Basic Settings  Check Calculation Procedure. (OBYZ)

A). Define Access Sequence

B).Define Condition Type:

These are the Excise duty Condition Type

JMOD - INDIA A/R BED

JAED - INDIA A/R AED
JSED - INDIA A/R SED
JCES - INDIA A/R CESS

Check - 1. Access Sequence TAXJ

2. Condition Class D
3. Condition Category 1
4. Calculation Type A
5. Check Item Condition.

VAT Condition Types

JIN1 - INDIA A/R CST

JIN2 - INDIA A/R LST
JIN4 - INDIA A/R CST SUR-CHARGE
JIN5 - INDIA A/R LST SUR-CHARGE
JIP1 - INDIA A/P CST
JIP2 - INDIA A/P LST

Check Statistical Control for Condition Type JMOD – (OBYZ)

Assign Country to Calculation Procedure – (OBBG)

Specify the Structure for Tax jurisdiction Code – (OBCO)

Define Tax Jurisdiction Code – (OBCP)

Here specify County Reference Tax procedure E.g – TAXINJ in work area  and go to
new entries and define Tax Jurisdiction codes
Define Tax Codes for Sales and Purchases – (FTXP)

Specify the County IN  Define Tax Codes With a relevant Tax Jurisdiction Codes

Sl.NO TAX Description

1 AO Tax On Sales - MFG Plant - ED NIL - LST NIL
2 A1 Tax On Sales - MFG Plant - ED + LST 8%
3 A3 Tax On Sales - MFG Plant - ED + LST 4%
4 A4 Tax On Sales - Depot Plant - LST 10%
5 A5 Tax On Sales - Depot Plant - CST 2%
6 D1 Tax On Purchase - ED + CST 4% ( Non-Deduction)
7 E1 Tax On Sales - MFG Plant + Export ( ED Statistical)
8 M1
9 SA Output Services 8%
10 V0 Purchase Taxes NIL
11 V1 Excise Duty + CST 4%
12 V2 Excise Duty + LST 8% (Maharastra)
13 V3 Excise Duty + LST 10% (Karnataka)
Additional Setting for Tax on Sales and Purchases – (OBYZ)

Go to Tax Procedure TAXINJ and Check Statistical option for Condition type JMOD,
JAED, JSED & JCES.

Note – These conditions must be Statistical condition type.

Define Tax Accounts (OB40)

Use Standard Settings

Activate CIN for Specific Fiscal Year