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
SAP FI – G/L Account
General Ledger (G/L) accounts are used to provide a picture of external accounting and accounts and to record all the business transactions in a SAP
SAP FI – Block G/L Account
In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. In G/L
SAP FI – Deleting G/L Accounts
In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally. In the
SAP FI – Financial Statement Version
General Ledger accounts can be used as per legal regulations to generate the final statements. Financial statement versions are used to create the financial statements,