SAP - FI Module

INTRODUCTION 

SAP stands for System Application and Products in data Processing. SAP FICO is one of the most widely used SAP module. SAP FICO module includes SAP FI configuration and SAP CO configuration. SAP FI module records and maintains the financial transaction of the organisation for external reporting. SAP CO module deals with internal accounting. SAP FICO modules can be integrated with other SAP modules like SD (Sales and Distribution), MM (Material Management), HR (Human Resource), PP (Production Planning), QM (Quality Management), PS (Project System) etc.

 FI stands for Financials CO stands for Controlling

 SAP was released in 1972 - Head quarters in Germany. 

 What is ERP?
 ERP stands for Enterprise Resource Planning, it integrates all functions into one system.

                                                        


There are many departments in an organisation. ERP integrates all the function into one system. It facilitates free flow of data among various departments.

Area Covered under SAP FI

Financial Accounting manages the financial transaction of the organisation. Financial transaction are recorded in the balance sheet and Income Statement(P&L)
1. General Ledger Accounting
2. Accounts Payable
3. Accounts Receivable
4. Asset Accounting

Step by Step SAP FICO Tutorial for Beginners

SAP FI

1. Company Creation in SAP

2. Define Company Code

3. Assign Company Code to the Company

4. Define Business Area

5. Creation of Chart of Accounts (COA)

6. Assign Company Code to Chart of Accounts

7. How to create Chart of Accounts Account Groups

8. Define Retained Earnings Account

9. Define Credit Control Area

10. Assign Company Code to Credit Control Area

11. Maintain Fiscal Year Variant

12. Assign Company Code to Fiscal Year Variant

13. Define Variants for Open Posting Periods

14. Assign Posting Period Variants to Company Code

15. Define Open Close Posting Periods

16. Define Fields Status Variant and Fields Status Group

17. Assign Company Code to Field Status Variant

18. Define Document Number Ranges

19. Define Tolerance Group for Employees and Assign User/Tolerance Groups

20. Define Tolerance Group for G/L Accounts

21. Enter Global Parameters

22. Creation of General Ledger Accounts

23. How to Block and Delete G/L Account

24. Posting of Transactions

25. Display and Change Document

26. How to Create and Display Sample Document

27. How to Park Document

28. How to Hold document

29. Month End Provision (Open Item Management - Full Clearing, Partial Clearing and Residual Clearing and Accrual/Deferral Method)

30. Foreign Currency Transaction

31. Reversals (Individual, Reversal of Reversed, Mass and Cleared Item Reversal)

32. Interest Calculation Configuration

33. Foreign Currency Balance Revaluation

ACCOUNTS PAYABLE (A/P)

1. Creation of Vendor Account Groups

2. Create Number Range for Vendor Accounts

3. Assign Number Range to Vendor Account Groups

4. Define Tolerance Group for Vendors

5. Creation of Two G/L Masters

6. Creation of Vendor Master

7. Document Types and Number Ranges

8. House Bank

9. Advance payment to Vendors (Down Payment to Vendors)

10. Terms of Payment

11. Automatic Payment Program

12. Credit Memo Posting

ACCOUNTS RECEIVABLE (A/R)

1. Creation of Customer Account Groups

2. Create Number Range for Customer Accounts

3. Assign Number Range to Customer Account Groups

4. Creation of Two G/L Masters

5. Creation of Customer Master

6. Document Types and Number Ranges

7. Sales Invoice Posting

8. How to View Customer Account Transaction

9. Incoming Payment and Clear Vendor and Customer Transactions

10. Go and See the Customer Account Transactions

11. Advance Receipt from Customers

12. Bill Discounting

13. Dunning

SALES TAX

1. Define Tax Procedure

2. Assign Country to Calculation Procedure

3. Define Tax Codes for Sales and Purchases

4. Assign Tax Codes for Non-Taxable Transactions

5. Creation of G/L Masters

6. Assignment of Accounts for Automatic Postings

7. Sales Invoice Posting

ASSET ACCOUNTING

1. Copy Reference Chart of Depreciation/Depreciation Area

2. Assign Chart of Depreciation to Company Code

3. Specify Account Determination

4. Create Screen Layout Rule

5. Define Number Range Intervals

6. Define Asset Classes

7. Determine Depreciation Areas in the Asset Class

8. Creation of 15 General Ledger Masters

9. Assignment of Accounts for Automatic Postings

10. Specify Document Type for Posting of Depreciation

11. Specify Intervals and Posting Rules

12. Specify Rounding for Net Book Value and Depreciation

13. Define Screen Layout for Asset Master Data

14. Define Screen Layout for Asset Depreciation Areas

15. Define Multi Level Methods

16. Maintain Period Control Methods

17. Maintain Depreciation Key

End User Area

18. Create Main Asset Master

19. Create Sub Asset Master

20. Main Asset Purchase Posting

21. Sub Asset Purchase Posting

22. Report to View all Assets for Particular Period

23. Depreciation Run

24. Asset Sale

25. Asset Transfer