Where Do We Use SAP FI?
SAP FI module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. SAP FI module mainly deals with the following financial components:
SAP FI ( Financial Accounting ) is one the functional module in SAP software.Company-wide control and integration of financial information is essential to strategic decision making, SAP ERP Financials enables you to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts.SAP FI module mainly deals with
SAP FI consultants are mainly responsible for implementing Financial Accounting and Cost
Accounting with SAP ERP Financials
Asset Accounting deals with all the fixed asset of the company and provides all the transaction details about fixed assets. The asset accounting module of Finance Accounting works closely with other modules like SAP MM, SAP Plant Management, EWM, etc.
Common T-codes used for Asset Accounting:
Example: When a company purchases an item that can be considered as an asset, the details will be passed to Asset accounting module from the SAP MM module.
A General Ledger contains all the transaction details of a company. It acts as the primary record to maintain all accounting details. Common general ledger entries are customer transactions, purchases from vendors, and internal company transactions.
Common T-codes that are used to maintain G/L accounting:
SAP Accounts Receivable and Accounts Payable are two important components of SAP Financial ( FI ) Module.
As their name says these modules deals with the amounts that should be received from the customers and the amounts that should be paid by the company to their vendors respectively. Simply we can say SAP accounts Receivable module deals with the customer transactions and Accounts payable module deals with the vendor transactions.
SAP Accounts Receivable
Important Accounts Receivable Tables
Import SAP Accounts Payable Transaction Codes
Important Accounts Payable Tables
It deals with all the transactions done through bank. It includes all the incoming and outgoing transactions performed, balance management and bank transaction master data. You can create and process any type of bank transactions using the Bank accounting component.
Common Bank Accounting module tables that are used for this are −
Common T-codes with bank accounting −
This module is used to manage funds in a company. Fund Management module interacts with other modules like Bank accounting, General Ledger (G/L, SAP AR/AP, and SAP Material Management, etc. to get fund details. It involves all the transactions for fund receiving, fund expenditure, and future expenses. It helps a company to create budget forecasting and to use the funds in a proper way.
Common tables that store Funds management data −
Common SAP Funds Management T-codes −
It helps an organization to treat its multiple units as a single company, hence it enables to view all the details as a single financial statement for all the companies under that group. An organization can get a clear idea of its financial conditions as a single entity.
Common tables in FI Legal Consolidation module −
This module is used to manage all the travel expenses of a company. It involves all the travels request, their planning and expenses involved in all the requested trips.
It helps an organization to manage travel expenses in an efficient manner, as it provides integration with all the other modules of SAP.
Common Travel Management T-codes −
Common Travel Management tables −