Various Sub Modules of SAP FI

About SAP FI

Handling financial transactions and providing financial reports are critical components of every business's decision-making and effective operation. SAP has created a number of modules that focus on various aspects of business. SAP FI, the Financial Accounting module, is one of the most significant modules, since it deals with processing, documenting, and preserving financial accounting transactions inside businesses.

Explore more about the SAP FI module by enrolling in the SAP FI Course in Noida.

The SAP FI module is extremely adaptable, making it ideal for both small and big businesses. This module allows you to acquire a real-time financial picture of a company's financial status in the market. SAP FI software also allows for connection with sales and distribution, materials management, and buying, as well as drill-down to the original transaction, whether it's a sales order, a purchase order, or a material movement.

Modules of SAP FI

These sub-modules enable FI to perform its many financial and accounting functions:

• General Ledger (FI-GL): This is the sub-module where all financial accounting data is recorded, either manually or automatically, using integrated procedures.

• Accounts Payable (FI-AP): The financial accounting transactions involving suppliers are documented and handled in this sub-module. All FI-AP posts are likewise registered in FI-GL at the same time.

• Accounts Receivable (FI-AR): This sub-module oversees all sales operations as well as the recording and administration of customer financial accounting transactions.

• Travel Management (FI-TM): This sub module is responsible for the processing of business travel and expenditure data. It might be linked to HR.

• Funds Management (FI-FM): It's a sub-module that helps you check and regulate your finances utilizing budgeting approaches.

• Special Purpose Ledger (FI-SL): It delivers summary information from several apps at a degree of detail that you as a user may choose based on your business needs. It is also known as Special Ledger and was previously known as the Extended Ledger.

• Fixed Assets (Asset Accounting) (FI-AA): Fixed assets are established and tracked in the Asset Accounting sub- module. In FI-GL, all posts, such as asset acquisitions, transfers, and retirements, are recorded in real time.

Conclusion

All accounting-related transactions in the Logistics (LO) or Human Resources (HR) components are submitted in real time to Financial Accounting (FI), and data can be passed on to Controlling (CO). Other SAP modules, such as Sales & Distribution (SD), Material Management (MM), and Product Planning (PP), can also be linked to FI. To learn about SAP FI, you can enroll in the SAP FI Course in Gurgaon and gain comprehensive knowledge.

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