Purpose

• • SAP FI (Financial Accounting) manages the organization’s financial transactions and reporting requirements. It ensures that financial information is accurately captured and reported, and is compliant with relevant accounting standards (e.g., IFRS, GAAP).

Key Features:

• General Ledger (GL): Manages all financial transactions and maintains financial accounts.
• Accounts Payable (AP): Manages vendor transactions, invoices, and payments.
• Accounts Receivable (AR): Manages customer transactions, invoices, and collections.
• Asset Accounting (AA): Tracks and manages the lifecycle of fixed assets, including acquisition, depreciation, and retirement.
• Bank Accounting (BA): Manages company bank accounts, processes bank statements, and reconciles bank transactions.
• Financial Statements: Generates balance sheets, profit and loss statements, and other financial reports.

Benefits:

• Provides a comprehensive and centralized record of all financial transactions.
• Ensures compliance with legal and regulatory financial requirements.
• Facilitates integration with other modules like MM (Materials Management), SD (Sales and Distribution), and PP (Production Planning).