Difference between Group A/c and Chart of Account with serval Company Code

Hi Friends,
Please explain the term chart of account with serval company code and also group a/c.
Thanks and regards,
Dev

Hi Mahendra
The Chart of Accounts is a list/directory of the G/L acounts maintained in the company. This COA can be used by one or many company codes.
For e.g Co code A located in Delhi and Co code B In Mumbai may use the same COA for reporting as well as consolidation purpose.
Group COA is maintained when there are more than one COA (e.g country-specific and operating COA) being used in the company. In this case the COA maintain alternative account numbers to the same account for automatic updation and consolidation.
I hope this helps.
Regards
Kavitha

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