This module helps in accounting and financial needs of an organization. Helps to review the financial position of the company in real time.
It is formed by several sub-components also known as sub-modules:
Accounts Receivables: Responsible for handling all account postings and records generated as a result of Customer sales activity.Postings are automatically updated in the General Ledger . Within this module aging of receivables and specific customer analysis can be done. This module is integrated with the General Ledger (FI-GL) Sales and Distribution (SD) and Cash Management Modules.
Accounts Payable: Records account postings generated as a result of Vendor purchasing activity. Automatic postings are generated in the General Ledger as well. Payment programs within SAP also enables the payment management of payable documents through several gateways.
Asset Accounting: Used for managing company’s Fixed Assets. SAP allows you to categorize assets and to set values for depreciation calculations in each asset class.
Bank Accounting: Management of bank transactions in the system including cash management.
Consolidation: combines financial statements of multiple entities within an organization. These statements provide an overview of the financial position of the whole company.
Funds Management: Provides budget management for revenues and expenses within the company as well as track these to the area of responsibility.
General Ledger/New General Ledger: These are fully integrated with the other SAP Modules. It is within the General Ledger that all accounting postings are recorded. Financial Impacts from other modules are posted on the GL. These postings are displayed in real-time providing up-to-date visibility of the financial accounts.
Special Purpose Ledger: defines ledgers for reporting purposes. Data can be gathered from internal and external applications and processed through SAP.
Travel Management: provides management of all travel activities including booking trips and handling of expenses associated with travel.