Each G/L is set up according to a chart of accounts. The chart of accounts contains the definitions of all G/L accounts. The definitions consist of the account number, the account name, and the type of G/L account (e.g. balance sheet, non operating expenses/revenues, primary costs/revenues, secondary costs or cash accounts).
Assignment of Company Codes to Chart of Accounts
A chart of accounts can be used by multiple company codes so that the general ledgers of these company codes have an identical structure.