The SAP ERP (Enterprise Resource Planning) solutions Financial Accounting (FI) module is designed to address all financial and accounting needs of the enterprises. It is in integration with many SAP modules like Material Management (MM), Sales Distribution (SD) Production Planning (PP and Human Resources (HR). It enables the managers to make rapid decisions through instant access to financial information and assists them in making the right moves in strategic planning issues.

SAP Financial Accounting involves the below processes:

Ledger Accounting: Is the unit in which all the accounting records are kept and reported.

Customers Accounting: It is in integration with the Sales Distribution (SD) module of SAP and is the unit all the records are kept and reports are taken from.

Vendor Accounting: This is the unit where the records related to the vendors are kept and reported. It works in integration with the Material Management(MM) module.

Asset Accounting: It is the sub module which consists of the amortization activities during the process from purchasing until sell off, operation automatization and reporting the data.

Private Ledgers: Enterprises keep their books and reports of their private expenses which are not included in the standard operations, with this sub module.

Budget Management: Budget management is assist enterprises to use their resources efficiently, to make the right decisions and check the generated transactions with the budgets and to advance the decisions of the management mechanisms.

Travelling Expenses Management: is the unit where the enterprise’s travel expenses are planned, tracked, recorded and reported.