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SAP FINANCE AND CONTROLLING MODULE

SAP
SAP, started in 1972 by five former IBM employees in Mannheim,
Germany, states that it is the world's largest inter-enterprise
software company and the world's fourth-largest independent
software supplier, overall.
SAP have a very high level of integration among its individual
applications which guarantee consistency of data throughout the
system and the company itself
SAP FI
Financial Accounting global setting
Define Fiscal Year
Define Posting Periods
Define Field Status Variant
Define Tolerance group for Users
Define Document Types and Assign Number ranges
Define Posting Keys
Assigning all above to Company Code

General ledger

Define Chart of Accounts


Define Account Groups and Number ranges
Creation of GL Master records
Assigning all above to Company Code

Accounts Payable

Define Vendor Account Groups and Number ranges


Define Vendor Tolerance
Creation of GL Reconciliation Accounts
Creation of Vendor Master Records
Automatic Payment Program

Accounts receivable

Define Customer Account Groups and Number ranges


Define Customer Tolerance
Creation of GL Reconciliation Accounts
Creation of Customer Master Records
Bill of Exchange
Dunning

Asset Accounting

Define Chart of Depreciation


Define Depreciation Area
Define Asset Class
Creation of GL for Fixed Assets
Depreciation Methods
Creation of Asset Master
Depreciation