SAP FICO Quick Guide
SAP FI Overview SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the
Category : SAP FICO
SAP FI – Overview
SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial data of
SAP FI – Submodules
SAP FI has a collection of submodules, as depicted in the following screenshot − Finance Accounting – General Ledger A General Ledger contains all the
SAP FI – Company Basics
A company is defined as the smallest unit for which financial statements can be created in accordance with commercial legal regulations. In SAP FI, a
SAP FI – Define Business Area
Business Areas are used to differentiate transactions that come from different lines of business in a company. Example There is a big company XYZ which
SAP FI – Define Functional Area
Function Areas in finance accounting are used to define the expenses in a company according to individual function units. The most common Functional Areas are
SAP FI – Define Credit Control
Credit Control in FI is used to check the credit limit for the customer and it can use one or more codes. It is used
SAP FI – General Ledger
The General Ledger is used to record all the business transactions in a software system. SAP FI – Chart of Accounts The FI chart of
SAP FI – COA Group
You can create a SAP FI chart of accounts group as per your requirement. To effectively manage and control a large number of G/L accounts,
SAP FI – Retained Earnings Account
Retained Earnings Account is used to carry forward the balance from one fiscal year to the next fiscal year. You can assign a Retained Earning