SAP FICO

WHAT IS SAP FICO?

SAP FI is a module utilized for detailing both remotely and inside. The goal is to record every money related exchange that are posted by a substance and deliver monetary articulations which are precise toward the finish of the exchanging time frame. This instructional exercise will clarify the significant functionalities with SAP FI module.

SAP FI is comprised of sub modules. The sub-modules that are regularly utilized are accounts receivables, accounts payables, resource bookkeeping, general ledger Accounting and bank bookkeeping.

All the sub modules are interlinked and incorporate continuously. A preliminary adjust can be extricated at a time and it will dependably adjust in light of the fact that all the sub modules are associated. The outline beneath demonstrates the reconciliation between SAP FI modules.

General record bookkeeping

All broad record accounts that are utilized for revealing are overseen through general record bookkeeping. In SAP an arrangement of all broad record accounts utilized by an organization or a gathering of organizations is known as a graph of records. These are the records that will be utilized for the readiness of monetary proclamations. A large portion of the exchanges are recorded in sub modules and they are accommodated with the general records continuously. Exchanges that should be possible in coordinate all in all record Accounting incorporate diary vouchers which are presented on modify or remedy exchanges. Inversions should likewise be possible from general record bookkeeping. Parities all in all record records can be shown and preliminary adjusts extricated from the framework.

Records receivables

Records receivables is a sub module that catches all exchanges with clients and oversees client accounts. Isolate client records will be kept up and when exchanges are posted in client accounts, compromise accounts by and large record are refreshed with the figures progressively. Exchanges in accounts receivables incorporate receipt posting, credit reminder posting, initial installments, receipt installment, dunning and executing client reports.

Records Payables

Records payables is a sub module that catches all exchanges with sellers and oversees merchant accounts. Isolate merchant accounts are kept up and when exchanges are posted in client accounts, compromise accounts as a rule record are refreshed with the figures continuously. Exchanges in accounts payables incorporate receipt posting, credit notice posting, initial installments, receipt installment, programmed installment program and executing seller reports.

Resource Accounting

Resource bookkeeping deals with all exchanges realted to resources for a substance. At the point when exchanges are posted in resource accounts ,compromise accounts by and large record are refreshed continuously. Exchanges in resource bookkeeping incorporate resource procurement, resource retirement, resource deal, resource exchange, resource revaluation and resource devaluation.

Bank Accounting:

Bank bookkeeping catches all exchanges with the banks. Bank compromise is done to accommodate all exchanges recorded on bank explanations contrasting them with exchanges in the framework.

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Monday, September 10, 2018