What is SAP FICO?
SAP ERP FICO Training
SAP ERP FICO (Budgetary Bookkeeping and Controlling) is a program module of SAP ERP (Venture Asset Arranging) that was planned to bolster the monetary operations of an organization. It coordinating the monetary and bookkeeping forms inside an organization, giving a comprehensive arrangement for overseeing budgetary exchanges, bookkeeping forms, and controlling activities.
FICO was composed of two primary modules: Money related Bookkeeping (FI) and Controlling (CO).
The Money related Bookkeeping module handles recording all monetary exchanges of the company
and creating money related explanations, whereas the Controlling module handles controlling and
Read: SAP FICO Course in Pune
In the Money related Bookkeeping module, the money related exchanges are recorded in the general
The module
includes submodules such as Accounts Receivable, Accounts Payable, Resource Bookkeeping, and
Bank Bookkeeping. These submodules are dependable for overseeing client and vendor
invoices, resource administration, and bank transactions.
In the Controlling module, the fetched and income bookkeeping are overseen through submodules
such as Taken a toll Component Bookkeeping, Taken a toll Center Bookkeeping, Benefit Center Bookkeeping, and
Internal Orders. These submodules give the instruments to arrange, track , and control the costs and
revenues of the organization.
SAP ERP FICO is broadly utilized in different businesses, counting managing an account, protections, manufacturing,
and retail. It is exceedingly customizable, permitting organizations to design it to their specific
business needs.
SAP FICO too incorporates highlights for overseeing money related closing exercises, such as period-end
closing and year-end closing. It too gives devices for overseeing money related detailing, such as
financial articulations and charge reporting.
In Brief, SAP FICO is a capable computer program arrangement that coordinating budgetary and accounting
processes inside an organization. It gives apparatuses for overseeing money related transactions,
accounting forms, and controlling exercises, and is broadly utilized in different industries.
