SAP FI Sub-Modules
- Asset Accounting: Delivers comprehensive transaction details for a company's fixed assets and seamlessly integrates with SAP MM, PM, and EWM for enhanced connectivity.
- General Ledger Accounting: Controls internal transactions, customer dealings, and vendor purchases while maintaining a centralized record of a company's accounting details.
- Bank Accounting: Enables users to create and process inbound or outbound bank transactions, manage balances, and monitor bank master data effectively.
- Accounts Payable and Receivable: Manages and archives all customer transactions (e.g., invoice posting, payments, down payments) and vendor transactions (e.g., credit memos, posting, automatic payments).
- Funds Management: Efficiently handles funds and integrates with other SAP Logistics modules (e.g., SAP MM) to ensure proper utilization of funds and enhance the accuracy of budgeting forecasts.
- Travel Management: Streamlines the management of travel expenses and travel plans, making the process of requests more efficient for organizations.
Primary Elements of SAP FI
The SAP Financial Accounting (FI) module encompasses essential sub-modules, tools, and elements designed to assist businesses in managing their accounting data effectively. Moreover, these components facilitate the optimization of daily finance accounting activities, thereby enhancing the overall return on investment in SAP.
SAP Financial Accounting primarily revolves around key components, including accruals, general ledgers, financial statement generation, fast close functions, parallel valuations, and master data governance. These elements play a pivotal role in streamlining crucial finance accounting practices.
