Simple Steps to Create Company in SAP FICO
                     Simple Steps to 
Create Company in 
SAP FICO
A company is a business organization or a 
group of businesses that work together and 
make their own financial statements based on 
the country’s business law. The local currency 
is used to record the financial transactions of 
the company.
A five-character alphanumeric key tells us 
about a company. A business can have more 
than one company code and have operations 
in different places, but they all have to be 
part of the same business unit.
SAP: Define Company
About Company in SAP: A company is an 
organizational unit for which a separate set of 
financial statements can be made based on 
the rules of business. One or more company 
codes can make up a company. A company 
has local currencies that are used to keep 
track of its transactions. All of a company’s 
company codes must use the same Chart of 
Accounts for transactions and the same Fiscal 
Year. SAP doesn’t force you to create a 
company.
Company in SAP: Key 
things to know
You can make financial statements that meet the 
laws of the country where the business is based.
 You can give a company one or more company 
codes.
 It is a SAP organization unit that can be chosen or 
not.
 If a business has more than one company code, 
all of them should use the same chart of accounts.
Defining a Company in SAP:
SAP IMG Path: SPRO > Implementation Guide 
for R/3 Customizing > Enterprise Structure > 
Definition > Financial Accounting > Define 
Company
OX15 is the code for “Define Company in 
SAP.”
For making a new company, enter the 
following information.
 Type in the six-character alphanumeric code 
that represents the company group.
 Type in the name of your business.
 Change the address in the “Detailed 
information” box – Street name, PO Box 
number, ZIP code, and City.
 Enter the company’s country code.
 Enter the company’s country code.
 Enter language key
 Enter the company’s local currency (also 
known as Company code currency)
 After making the necessary changes, click 
the Save button or press CTRL+S.
 Pick “Customizing request” from the drop-
down menu or make a new one. To make a 
new Customizing request, click on the icon 
that looks like a request, as shown in the 
picture below.
How to Start a Business in 
SAP
In SAP, you can describe a company by:
Transaction code: – “OX15”
Navigation: SPRO | SAP Reference IMG | 
Enterprise Structure | Definition | Financial 
Accounting | Company | Define Company.
Step 1: Type “OX15” into the SAP command 
field, as shown in the picture below, and press 
enters to move on.
Step 2: On the “Internal trading partners” 
tab, change the view to: To set up the 
company in SAP, click the “New Entries” 
button on the overview screen.
Step 3: Make the following changes on the 
“New Entries” screen.
1. Business: Enter a key that helps SAP 
figure out the company group. In our case, we 
changed “TKART” so that we could start a new 
company.
2. Name of Business: In this field, you 
should put the full name of the company.
3. Name of business 2: If the company has 
a second name, add it here, or leave it blank. 
Information in-depth
Street: Name of the street where the business is
Postal code: Enter postal pin code
City: Change the name of the city. In our case, 
we changed “Bangalore.”
What country? You need to change the country 
key here. For example, IN for India, US for the 
United States, etc.
Language key:  Our language is English by 
default, so the language key is “EN.”
Currency: Enter the key for the currency in 
which transactions for the group company are 
kept. It is also called “local currency” or “home 
currency.”
Note: If you press the F4 key on your 
keyboard, you can choose from the list of keys 
for City, Language, and Currency.
Step 4: Once you’ve changed all of the 
necessary information, click the “Save” 
button to save the company information. Now 
that you’ve been asked for a custom request, 
click the “New Entries” button to make a new 
one.
Now, change the request’s description 
and press Enter to move on. Here’s an 
updated description of how to set up 
SAP FICO.
This tutorial shows you how to do the 
following things step by step:
 Make a new business in SAP FI
 Use SAP FI to make a company code.
 Give the company a company code.
Giving a Company Code
Step 1: Go to reference IMG in SAP.
Step 2: You have to choose the menu path 
from there.
SAP customization implementation guide > 
Enterprise Structure > Assignment > Financial 
Accounting > Assign company code to 
company
Step 3: Enter the company’s unique ID next 
to the company code you want to give it.
Step 4: Save the information and enter the 
customization request number.
In the above screen, the company is given a 
company code.
Conclusion
This was in brief about simple steps to create 
a company in SAP FICO. Even a beginner-level 
learner can abide by these steps and take on 
creating a company in SAP FICO. If you are 
based out of Ahmedabad you ought to look 
out for 
SAP Training Institute in Ahmedabad, 
which will be able to help you better.
Super 20 Training Institute
www.s20.in 
+91 7069 646028
Address
205, Narayankrupa Square, 
Opp. H K Commerce College, 
Gandhigram Railway Crossing, 
Ashram Road, 
Ahmedabad – 380009