IntroductionPurpose of this document is to share SAP PM – FICO integration insights. There are multiple integration points between SAP PM & FICO.Topics covered in this document.
Sap Hr Fi Integration Configuration
The diagram below shows the the integration between SAP FI modules. General ledger accounting. All general ledger accounts that are used for reporting are managed through general ledger accounting. In SAP a set of all general ledger accounts used by a company or a group of companies is called a chart of accounts. SAP FI-MM-SD INTEGRATION Link Between SAP SD, MM and FI The link between SD and MM:- 1. When you create sales order in SD, all the details of the items are copied from Material master of MM. MRP and availability check related data is also taken from MM although you control this data in.
SAP FI is a module used for reporting both externally and internally. The objective is to record all financial transactions that are posted by an entity and produce financial statements which are accurate at the end of the trading period. This tutorial is going to explain the major functionalities with SAP FI module.SAP FI is made up of sub modules. The sub-modules that are often used are accounts receivables, accounts payables, asset accounting, general ledgerand bank accounting.All the sub modules are interlinked and integrate in real time. A trial balance can be extracted at an time and it will always balance because all the sub modules are connected.
The diagram below shows the the integration between SAP FI modules.General ledger accountingAll general ledger accounts that are used for reporting are managed through general ledger accounting. In SAP a set of all general ledger accounts used by a company or a group of companies is called a chart of accounts.
Sap Hr Fico Integration Program
These are the accounts that will be used for the preparation of financial statements. Most of the transactions are recorded in sub modules and they are reconciled with the general ledgers in real time. Transactions that can be done in direct in general ledgerinclude journal vouchers which are posted to adjust or correct transactions. Reversals can also be done from general ledger accounting. Balances in general ledger accounts can be displayed and trial balances extracted from the system.Accounts receivablesAccounts receivables is a sub module that captures all transactions with customers and manages customer accounts. Separate customer accounts will be maintained and when transactions are posted in customer accounts, reconciliation accounts in general ledger are updated with the figures in real time. Transactions in accounts receivables include invoice posting, credit memo posting, down payments, invoice payment, dunning and executing customer reports.Accounts payablesAccounts payables is a sub module that captures all transactions with vendors and manages vendor accounts.
Separate vendor accounts are maintained and when transactions are posted in customer accounts, reconciliation accounts in general ledger are updated with the figures in real time. Transactions in accounts payables include invoice posting, credit memo posting, down payments, invoice payment, automatic payment program and executing vendor reports.
Sap Fico Training Material Pdf
Asset accountingAsset accounting manages all transactions realted to assets for an entity. When transactions are posted in asset accounts,reconciliation accounts in general ledger are updated in real time. Transactions in asset accounting include asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation and asset depreciation.Bank accountingBank accounting captures all transactions with the banks. Bank reconciliation is done to reconcile all transactions recorded on bank statements comparing them to transactions in the system.All SAP FI sub-modules are integrated and transactions are updated in real time which means accurate financial statements can be extracted from the system at any time.