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 […]
The General Ledger is used to record all the business transactions in a software system. SAP FI – Chart of Accounts The FI chart of accounts represents the list of GL accounts that are used to meet the daily needs and the operating country’s legal requirement in a company. The master chart of accounts must […]
Credit Control in FI is used to check the credit limit for the customer and it can use one or more codes. It is used for credit management in Application components such as Account Receivable (AR) and Sales and Distribution. The credit control area is determined in the following sequence − User exit Distribution channel […]
SAP FI – Submodules SAP FI has a collection of submodules, as depicted in the following screenshot − Bài trước Bài tiếp Common SAP AP Tables − • LFA1 • LFM2 • LFBK Finance Accounting Asset Accounting Asset Accounting deals with all the fixed asset of the company and provides all the transaction details […]