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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.
Records Payable includes the entirety of the exchanges with sellers and
oversees merchant accounts. Exchanges incorporate receipt posting, credit

update posting, up front installments, receipt installments, programmed
installments program, and executing merchant reports.
Resource Accounting deals with the entirety of the exchanges identified with
the organization's fixed resources, for example, land, structures and weighty
gear. Exchanges incorporate resource acquisitions, retirement, deals, moves,
revaluations and devaluation.
Bank Ledger manages the entirety of the organization's financial balance
exchanges and information. It can accommodate all exchanges recorded on
bank proclamations and contrast them and the exchanges in the framework.
Union empowers the organization to consolidate budget reports for different
elements, which gives a review of the organization's money related situation
all in all.
Assets Management deals with the spending plans for the organization's
incomes and costs.
Particular Purpose Ledger characterizes the records in SAP FI for revealing
purposes.
Travel Management deals with the entirety of the exchanges for movement
measures, including booking excursions and taking care of movement related
costs.
SAP CO modules
While SAP FI manages an organization's bookkeeping and interior and outside
revealing, SAP CO upholds cycles to design, report on, and screen costs from
business tasks. SAP CO can be instrumental in improving the organization's
productivity. Like SAP FI, SAP CO is included sub-modules that handle explicit
cycles:

Cost Elements gives a review of the apparent multitude of organization's
expenses and incomes dependent on benefit and misfortune proclamations,
which are otherwise called salary explanations. Cost component bookkeeping
depicts the beginning of the expenses, and the cost components speak to
explicit costs that the organization causes.
Cost Centers manages the expenses related with the organization's interior
divisions or offices, for example, deals, creation, advertising or HR. Cost
Centers includes just costs, not incomes.
Benefit Centers handles the entirety of the cost information identified with the
organization's business lines. It manages the two costs and incomes,
dissimilar to Cost Centers, which manages costs. For instance, a worldwide
buyer items organization may utilize Profit Centers for wellbeing items,
cleansers and cleansers, beauty care products, food and refreshments, etc.
Inward Orders is utilized to deal with the expenses for littler inner activities
or non-fixed resources - for instance, a restricted time advertising effort.
Gainfulness Analysis empowers the organization to dissect the productivity of
its items. For instance, Profitability Analysis can be valuable for settling on
choices on issues like item estimating, conveyance channels, or target market
sections. It additionally permits levels of detail in investigating productivity,
for example, for every locale or nation, item types and circulation channels,
down to singular client gainfulness.
Item Costing deals with the information about costs needed to create the
organization's merchandise and ventures. Item costing examination can help
oversee producing costs and streamline efficiencies.
SAP FICO is important for the SAP ECC Accounting capacity. It incorporates
with other SAP Logistics modules, including Sales and Distribution (SD),
Production Planning (PP), Plant Maintenance (PM), Quality Management
(QM), and Materials Management (MM).