SAP FI-GL
Subledger items are automatically posted to the general ledgers. In this way, the general ledger is a record of all posted business transactions. Despite this level of detail, the overview remains the same: With complex Enterprises, a view of the accounting on company or group level is optionally possible.
SAP FI-AP
The AP component refers to the English term Accounts Payable, which is more commonly used in accounts payable accounting. In the case of an incoming invoice for delivered goods, there is a close link to the goods receipt. There are further interfaces, for example, to corporate controlling, since controlling has more far-reaching influence on expenditure than it does on product pricing and product cost accounting.
Depending on the vendor, default settings such as withholding tax or construction withholding tax can be made. You can set the assignment to profit centers in Customizing. Profit Center Accounting shows the financial profitability for the defined areas.
SAP FI-AR
AR is the abbreviation for Outgoing Invoice; because the invoice goes outside from the perspective of the invoice creator - another common term is Accounts Receivable Accounting. Invoice documents are legally binding and must therefore, depending on the company name of the invoicing party or the country of the recipient, contain certain mandatory components.
In the case of an invoice for a goods delivery, there is a close link to goods management. If no delivery note is entered as a reference for an invoice, the system can automatically update the reduction in stock in the warehouse data by generating the invoice. This simplifies warehouse management.
An invoice amount of zero is also possible, for example for replacement deliveries or free promotional items.
SAP FI-BL
The abbreviation BL refers to the English bank Ledger - bank accounting in the ERP system. The term ledger already indicates that postings are not made in one of the subledgers, but directly in the general ledger.
The posting of cash flows is depicted. The bank details of the vendors and customers are stored in FI-BL, as are the bank details of the company's house banks.
FI-BL also includes the classic cash register. Also in times of increasing cashless payments, the blockchain technology and the discussion about a cash off it is more pragmatic to pay small amounts with coins or notes.
SAP FI-AA
The abbreviation AA refers to the ERP module Asset Accounting. The contents are the long-lived assets of the fixed assets. AA is the abbreviation for Asset Accounting.
Assets are not only tangible assets, but also intangible assets - for example, the goodwill of a well-known brand; provided that the assets can always be recognised in the balance sheet. A brand name would also be a good example in this respect, as it represents a further prerequisite of fixed assets: to support the corporate objective on a long-term basis.
Asset Accounting maintains collective accounts, for example for the vehicle fleet. Individual investment cards are opened for an object that can be used independently. The acquisition date, price and useful life are noted here. In this way, the current value of the entire fleet can be queried immediately.
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SAP FI-CA
The English term Contract Accounting is certainly more pictorial than the rather technical German name Contract Current Account. Behind the current account lies an idea that radically reduces the number of business transactions: Between strategic business partners, mutual receivables and payables are offset against each other. In this way, the cooperating companies save themselves a large number of different payment transactions; only the difference is settled. The financial accountants call this the balance.
Individual business transactions are not viewed in isolation in the current account procedure, but are continuously offset against each other. SAP FI-CA fulfills the requirement to be able to quantify the current balance, among other things, so that the overview is retained for the large number of these transactions.
SAP FI-LC
FI-LC has consolidation as its goal. Individual components are combined into a single size to provide an overview of the company's financial situation in real time.
This function is indispensable in the enterprise environment, which is obliged to provide information to shareholders or operates a business that invests in the exploration or development of new markets and therefore has to assess its own current financial situation.
For a branched group of companies with subsidiaries and national subsidiaries or complex investment structures, consolidation with reliable reporting at group level is an indispensable necessity for management planning. Further areas of application include the consolidation of profit centers and the profit contributions of the product ranges.
SAP FI-SL
SL is the abbreviation for special purpose ledger (ledger = general ledger). In SAP FI-SL, certain ledgers can be defined for reporting purposes. To anticipate: In SAP FI-SL, in addition to the other SAP FI modules, you can create another book to group objects of your choice together. This is a freestyle exercise that has no retroactive effect on the other SAP FI modules.
This function can be used to create alternative combinations for both content and time period. It is also possible to include sources outside the SAP system in order to obtain an alternative view of financial accounting, e.g. ERP/ECC. GAMBIT can provide you with suggestions for the use of SAP FI-SL and support you in many cases with the implementation of data from outside SAP.
Due to its unique selling point, SAP FI-SL can receive data as an experimental data playground, but it cannot send data to other SAP Systems.
SAP -FI-TV
FI-TV is Travel Management. In this component, the entire process relating to the trip is processed. The functions contain the request, planning and booking of the trip with branching to external reservation systems, travel expense accounting and reimbursement.
Advances for the trip can also be entered in SAP FI-TV. When planning a trip, accommodation and means of transport are taken into account. The travel expense report contains flat-rate amounts, for example, for the kilometers covered, external receipts can be entered and the advances can be offset.
Travel Expenses Controlling evaluates the data entered and creates the corresponding statistics. Based on company-specific experience, logistical improvements can be implemented in travel management.