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SAP FI is the finance module of SAP software.
The SAP Financial Accounting module automates the management and reporting of general and sub-ledger accounts.
SAP FI is broken down into the following submodules:
General Ledger:
The General Ledger sub-module of FI provides a comprehensive solution to external accounting for a company. SAP GL functionality includes journal entry, financial statement evaluations and reporting.
Accounts Payable:
The Accounts Payable sub-module of FI records and administers accounting data for all vendors. SAP AP functionality includes invoice entry, vendor payment and automatic updating of general ledger.
Accounts Receivable:
The Accounts Receivable sub-module of FI records and administers accounting data for all customers. SAP AR functionality includes invoice entry, customer payment and automatic updating of general ledger.
Fixed Assets:
The Fixed Assets sub-module of FI provides comprehensive functionality for managing assets in a company.
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