What is SAP FICO?

SAP FICO is a center useful module in SAP ERP that encourages organizations to oversee their money related information, produce budgetary articulations, and analyze reports. SAP FICO comprises two center modules – Money related Bookkeeping (FI) and Controlling (CO).


Here SAP FI centers on bookkeeping and money related announcing though the SAP CO module is centered on checking costs. Let us talk about these modules in detail,


Financial Bookkeeping (SAP FI):


The SAP back module is committed to the era and administration of monetary explanations and reports. The SAP FI module has a few sub-modules as examined below,

Read: SAP FICO Course in Pune


General Record: The common record module in SAP FICO acts as the central component for monetary detailing. It coordinating different bookkeeping exchanges that are recorded in sub-modules and gives a comprehensive outline of an organization's money related status in a chart of accounts.




These charts are utilized for the arrangement of budgetary explanations by accommodating the exchanges in sub-modules with the common record in genuine time.


Accounts Payable: The accounts payable module is included in overseeing solicitations, installments, programmed installment program, reports, and other seller exchanges. Computerization of these forms upgrades effectiveness and diminishes errors.


Accounts Receivable: SAP FICO oversees the whole accounts receivable forms, from receipt creation to installment receipt. The accounts receivable modules oversee client accounts and exchanges counting solicitations, credit memos, client reports, and so on.


Asset Bookkeeping: The SAP resource bookkeeping module permits organizations to oversee their settled resources, counting arrive, hardware, and property. This module contains exchanges related to retirement, deterioration, revaluation, and so on.


Bank Record: The bank record module comprises exchanges related to the company’s bank account information. This module accommodates the bank explanation exchanges with the exchanges in sub-modules of SAP.

Know more SAP FICO Training in Pune


 

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