SAP FI – COA Group You can create a SAP FI chart of accounts group as per your requirement. To effectively manage and control a large number of G/L accounts, you should use COA groups. How to define Chart of Accounts Group? There are two ways you can create a new COA group. The first…
SAP FI – Define Functional Area Function Areas in finance accounting are used to define the expenses in a company according to individual function units. The most common Functional Areas are − • Manufacturing • Sales and Distribution • Production • Administration How to Define a Functional area in SAP FI? You can define a…
SAP FI – Company Basics A company is defined as the smallest unit for which financial statements can be created in accordance with commercial legal regulations. In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. All the company codes must use…
SAP FI Accounts Payable is used to manage and record accounting data for all the vendors. All invoices and deliveries are managed as per vendor requests. Payables are managed as per the payment program and all the payments can be made using checks, transfer, electronic transfers, etc. All the postings that are made in the…