Real-time financial information helps the organization to take important decisions. SAP FICO is a complete financial management ERP solution that integrates the accounting side of business. Most SAP consultants find difficult how and what part of the business process they should bring under SAP FICO. This e-book can actually act as a demo for them, where they will learn to integrate the important business module into SAP FICO.

This e-book is intentionally prepared small to keep it simple and straight to the point. The book did not miss on any of the SAP FICO topics like Accounts Payable, Accounts Receivables, Bank Accounting, General Ledger, Asset Accounting, and so on. The book has given a practical example and explained them step by step. The example teaches you each SAP FICO module in detail including how their transaction code works.

Not only SAP consultant but any beginners will be benefited with this book. Where company demands experienced SAP consultant to handle their finance, this book could be a first handon experience for SAP aspirant. This e-book has also given a referral to some basic accounting concept and terminologies to help beginners.

Where online training or courses charges you the hefty amount for teaching you the same, and no guaranteed returns. This book can help you to reduce that cost. This e-book is an ultimate guide to learn SAP FICO.

Table Of Content

Chapter 1: Organizational Structure

1. Create Financial Statement Version


2. How to perform a Journal Entry Posting

Chapter 2: General Ledger

1. Fiscal Year Variant


2. Assign Company Code To Fiscal Year Variant


3. Define Posting Period Variant


4. Opening And Closing Posting Periods


5. Define Field Status Variant And Field Status Group


6. Assign Field Status Variant To Company Code


7. Document Type And Number Ranges


8. Post With Reference


9. Hold Document


10. Park Document

Chapter 3: Accounts Receivable

1. Create a Customer Master Data


2. Change Customer Documents


3. How to Display Changes in Customer Master


4. How to Block or Delete a Customer


5. Create Customer Account Group


6. One Time Customer


7. How to post a Sales Invoice


8. Document Reversal


9. Sales Returns – Credit Memo


10. How to Post Incoming Payment


11. How to post a Foreign Currency Invoice


12. Incoming Partial Payments By Residual Method


13. Incoming Partial Payments By Partial Payment Method


14. How to Reset AR Cleared Items


15. Credit Control for the Customer

Chapter 4: Accounts Payable

1. How to Create a Vendor


2. How to Create a Vendor Account Group


3. How to Display Changes in Vendor Master


4. How to Block or Delete a Vendor


5. Create Vendor Master Data


6. One Time Vendor


7. Purchase Invoice Posting


8. Purchases Returns – Credit Memo


9. Outgoing Payments


10. Foreign Currency Vendor Invoice


11. How to Post Withholding Tax During Vendor Invoice Posting


12. How to Post Withholding Tax During Payment Posting


13. Outgoing Partial Payments By Residual Method


14. Outgoing Partial Payments By Partial Payment Method


15. Reset AP Cleared Items


16. Automatic Payment Run


17. How to Map Symbolic Account to G/L Account


18. Posting Rounding Differences

Chapter 5: Important Stuff

1. Important Reports in SAP FI


2. Month End Closing – Foreign Currency Revaluation


3. Dunning


4. How to Maintain Exchange Rates


5. Accounts Receivable and Accounts Payable Correspondences in SAP

Chapter 6: Cost Center

1. Create Cost Center


2. Post to a Cost Center


3. All About internal Order


4. Settlement Of Internal Orders To Cost Centers


5. Profit Center


6. Postings To Profit Center


7. Profit Center Standard Hierarchy


8. Assignment of Cost Centers To Profit Center


9. Assignment of Materials To Profit Center