Company code and company objects are two different things, understand how they differ as explained by http://www.erptraining9.com

1. SAP FI/CO - What
is difference
between company
code and
company in SAP?

2. Balance Sheet
In a typical Balance Sheet, the Liability side (Credit) is equal to the Assets side (Debit) .
Assets
Liability

3. Steps for Master Data Setup
1. Company Code Configuration
2. Chart of Account Configuration
3. House Bank Configuration
4. Asset Classes

4. Company Vs. Company Code
Group Code
Company Code 2Company Code 1
Solar Group
MercurySun Limited Moon
Company is divided
into number of
Company Codes
The Company Solar Group
is divided into company
codes Sun Ltd., Mercury
and Moon.

5. Consolidation
Solar Group
MercurySun Limited Moon
In Consolidation Module EC-CS, all the
figures from these company codes are
consolidated under one umbrella called
Solar Group to produce a Consolidated
Balance Sheet.

6. Define Company
Company Solar
Group is created by
executing Define
Company.
Company Code Sun
Ltd. is created by
executing edit/check
Company Code.

7. Define Company
Click on New Entries
to enter the details
for company Solar
Group.

8. Define Company
Here, all the details
are entered for the
company Solar
Group.

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