These are the steps in GL configuration.
1. Creating company code
2. Create chart of accounts
3. Assign company code to chart of accounts
4. Define Account group
5. Define retained earnings Account
6. Maintain Fiscal year variant
7. Assign company code to a Fiscal year variant
8. Define Posting Period variant
9. Define variants for open periods posting
10. Assign Posting period variant to company Code
11. Create document number ranges for company code
12. Define document type and assign document number range
13. Enable Fiscal year default
14. Enable default value date
15. Maintain field status variants
16. Assign company code to field status variants
17. Screen variants for document entry