SAP FI- Financial Accounting

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SAP FI
FinanceAccouting
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SAP FI
SAP FI is a module used for financial reporting
both externally and internally. SAP FI is
accountable for tracking the flow of financial
data across the organization in a controlled
manner and integrating all the information for
effective strategic decision-making.
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SAP FI
SAP FI Sub
Modules
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SAP FI
General ledger accounting
All general ledger accounts that are used for
reporting are managed through general ledger
accounting. In SAP a set of all general ledger
accounts used by a company or a group of
companies is called a chart of accounts. These
are the accounts that will be used for the
preparation of financial statements.
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SAP FI
Accounts Receivables
Accounts receivables is a
sub module that captures all transactions with
customers and manages customer accounts.
Separate customer accounts will be maintained
and when transactions are posted in customer
accounts, reconciliation accounts in general
ledger are updated with the figures in real
time. Transactions in accounts receivables
include invoice posting, credit memo
posting,etc.,
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SAP FI
Accounts payables is a sub
Accounts payables
module that captures all transactions with
vendors and manages vendor accounts. Separate
vendor accounts are maintained and when
transactions are posted in customer accounts,
reconciliation accounts in general ledger are
updated with the figures in real time.
Transactions in accounts payables include invoice
posting, credit memo posting, down payments,
etc.,
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SAP FI
AssetAccounting
Asset accounting manages all
transactions realted to assets for an entity.
When transactions are posted in asset accounts
,reconciliation accounts in general ledger are
updated in real time. Transactions in asset
accounting include asset acquisition, asset
retirement, asset sale, asset transfer, asset
revaluation and asset depreciation.
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SAP FI
BankAccounting
Bank accounting captures all
transactions with the banks. Bank reconciliation
is done to reconcile all transactions recorded
on bank statements comparing them to
transactions in the system.
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SAP FI
Travel Management
Is a financial ( FI ) sub-
module. ... It deals with the trip request,
planning and expenses. The data is integrated
with other modules. It makes the organization to
manage their travels in a more efficient and
cost effective way
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SAP FI
Special PurposeLedger
Is a receiver system in
which you can enter data created in other SAP
applications. It is not a sender system for other
SAP applications.
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SAP FI
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SAP FI
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