What is SAP FICO?

Published: 18 June 2018
on channel: The Knowledge Session

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Introduction to SAP FICO

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 ledger, Accounting and 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.

General ledger accounting

Accounts receivables

Accounts payables

Asset accounting

Bank accounting

etc.

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