ishan bisht
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| | The Complete Guide to Financial Accounting in SAP (15th Apr 23 at 10:38am UTC) | | The Financial Accounting (FI) module of SAP FICO is responsible for managing financial transactions, such as accounts payable, accounts receivable, general ledger accounting, and asset accounting. Let's take a closer look at each of these areas.
Accounts Payable: SAP FICO enables businesses to manage their accounts payable transactions, such as vendor invoices, purchase orders, and payments.
Accounts Receivable: The module provides tools for managing customer invoices, sales orders, and receipts.
General Ledger Accounting: SAP FICO allows businesses to record and track their financial transactions in real-time, ensuring accurate and up-to-date financial information.
Asset Accounting: The module provides tools for managing fixed assets, such as buildings, equipment, and machinery.
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