![]() ![]() It helps in decision-making and effective business planning. For reporting and analysis, there is a need for financial data. The purpose of SAP FICO is to assist companies, generate financial statements. Earlier, SAP FI and SAP CO were separate modules, but now they are referred to as simply one module. It permits an organization to preserve a detailed version of financial transaction data. SAP FICO is an essential functional element in SAP ERP. SAP FI works with overall financial accounting and reporting, SAP CO concentrates on planning and monitoring costs. For a performing financial process, both of them are significant. SAP helps us to have different gl accounts for the various movements for the same material by linking this movement type to a transaction key.SAP FICO includes two sections, SAP Finance (FI) and SAP controlling (CO). Initial upload of stock is defined with movement type 561 Goods delivered to the customer with movement type 601 Scrapping of goods is defined with movement type 551 Goods issue to production order is defined with movement type 261 Read this statement twice to understand how gl accounts are automatically updatedĪll Material movements in MM happen with respect to a Movement Type.įor eg Goods receipt is defined with movement type 101 The combination of this Valuation Class+ the Movement Type(which I have defined below) helps in determining the Gl accounts. ![]() You can go to transaction code mm03 put any material no and click on Accounting 1 view on which you will find the Valuation Class field.Įxamples of Valuation Class could be Finished Goods,Semi Finished goods, Raw Material etc Every material will have a valuation class field. This Valuation class is the vital link which ensures that Accounting documents are posted automatically. In the accounting view of Material master amongst other values we have a Valuation Class field. We will not get into the detail of Material master at this stage but it would suffice for us to understand that Material Master is the heart of all integration. ![]() This material master has various views right from Basic views to Purchasing views, production, sales and distribution and accounting and controlling views. There are certain simple things you need to understand to know how this integration happens.įirst all Materials in SAP have a material master. How are Accounting entries posted automatically and how do we configure them? Today we will learn how the integration within FI MM, and SAP SD takes place. SAP FI-MM-SD INTEGRATION A SPECIAL REPORTįI – MM (Material Management) integration:. ![]()
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