What is the SAP FI Module?
The FI (Financial Accounting) Module comprises several sub-modules as follows:
- Accounts Receivables (SAP FI AR)
- Accounts Payable (SAP FI AP)
- Asset Accounting (SAP FI AA)
- Asset Management (SAP FI AM)
- Invest Management (SAP FI IM)
- Bank Accounting
- Consolidation
- Funds Management (SAP FI FM)
- General Ledger (SAP FI GL)
- Special Purpose Ledger
- Travel Management (SAP FI
Accounts Receivables records all account postings generated as a result of Customer sales activity.
These postings are automatically updated in the General Ledger . It is within the Accounts
Accounts Receivables Module that you can monitor aging of the receivables and generate customer analysis. The Accounts Receivable Module also integrates with the General ledger, Sales and Distribution, and Cash Management Modules.
Accounts Payable records account postings generated as a result of Vendor purchasing activity. Automatic postings are generated in the General Ledger as well. Payment programs within SAP enables the payment of payable documents by check, EDI, or transfers.
Asset Accounting is utilized for managing your company’s Fixed Assets. SAP allows you to categorize assets and to set values for depreciation calculations in each asset class.
Bank Accounting allows for management of bank transactions in the system including cash management.
Consolidation enables the combining of financial statements for multiple entities within an organization. These statements provide an overview of the financial position of the company as a whole.
Funds Management allows management to set budgets for revenues and expenses within your company as well as track these to the area of responsibility.
General Ledger is fully integrated with the other SAP Modules. It is within the General Ledger that all accounting postings are recorded. These postings are displayed in real-time providing up-to-date visibility of the financial accounts.
Special Purpose Ledger is used to define ledgers for reporting purposes. Data can be gathered from internal and external applications.
Travel Management provides management of all travel activities including booking trips and handling of expenses associated with travel.