International Accounting Solution
SAP (FI-CO)
SAP FICO is a module utilized for monetary detailing both remotely and inside. The goal is to record all monetary exchanges that are posted by an element and produce budget summaries that are exact toward the finish of the exchanging time frame.
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Sub-components of FI Module
- Accounts Receivable and Payable
- Asset Accounting
- G/L Accounting
- Bank Accounting ( FI-BL )
- Consolidation ( FI-LC ) * Depreciated
- Funds Management ( FI-FM )
- Travel Management
- SAP FI Additional Functions
- SAP FI Contract Accounts Receivable and Payable
- SAP FI Generic Contract Accounts Receivable and Payable
- SAP FI Lease Accounting
- SAP FI Localization
- SAP FI Retail Ledger
- SAP FI Special Purpose Ledger
- SAP FI Travel Management.
SAP CO
SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization.
SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas.
The main purpose of SAP controlling module is planning. It enables you to determine variances by comparing actual data with plan data and thus enables you to control business flows in your organization..