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SAP FICO

SAP FICO is a center utilitarian segment in SAP ERP Central Component that permits an association to deal with the entirety of its money related information. The motivation behind SAP FICO is to assist organizations with producing and oversee fiscal summaries for examination and announcing and help with compelling business arranging and dynamic. SAP FICO comprises of two modules, SAP Finance (FI) and SAP Controlling (CO), every one of which is utilized for explicit money related cycles. SAP FI manages in general money related announcing and bookkeeping while SAP CO centers all the more barely around arranging and checking costs. SAP FI and SAP CO were initially delivered as independent modules however are presently so firmly coordinated that numerous individuals allude to them as essentially one module.

SAP FI modules

SAP FI empowers organizations to create fiscal summaries -, for example, monetary records or benefit and misfortune articulations - for revealing and examination. SAP FI comprises of a few sub-modules that handle explicit bookkeeping measures:

General Ledger contains the entirety of the organization's exchange information in a diagram of records that rundowns the entirety of the records in the framework. Exchanges are recorded in sub-modules that can be accommodated with the overall record information progressively.

Records Receivable catches client exchanges and oversees client accounts. Exchanges incorporate receipt posting, credit update posting, initial installments, receipt installments, dunning, and executing client reports.

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