Sap — Fico I

: Handles customer transactions and incoming receipts.

: Manages bank statement reconciliations and payment processing. Controlling (CO) :

: The central record for all financial transactions. SAP FICO i

: Manages vendor transactions and outgoing payments.

: Tracks expenses for specific departments or functions. : Handles customer transactions and incoming receipts

The system is divided into two major parts: for external financial reporting and CO for internal cost management. Financial Accounting (FI) :

: Used to monitor costs for specific short-term projects. Basic Configuration Steps SAP FICO i

SAP FICO (Financial Accounting and Controlling) is a core functional module in SAP ERP used for internal and external financial reporting. This guide provides a structured overview of its primary components and basic configuration steps.