FI/CO

Welcome to our SAP FI/CO module category page, where you can find a comprehensive collection of documents, tutorials, and guides. Explore our extensive resources to gain insights into financial accounting, controlling, and related processes, enabling you to master key concepts and optimize your SAP FI/CO implementation with ease.

What is Document in SAP?

SAP is based on the ‘document principle’ meaning that a document is created out of every business transaction in the system. The Document is the result of a posting in accounting in SAP, and is the connecting link between various business operations. There are two types of documents:

  1. Original Documents: these documents relate to the origin of business transactions such as invoices, receipts, statement of accounts from bank, etc.
  2. Processing Documents: These include ‘accounting documents’ generated from postings in the system, ‘reference documents,’ ‘sample documents,’ etc. The processing documents other than the accounting ones are also known as ‘special documents’ and they aid in the simplification of document entry in the system.

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Tax Configuration

SAP takes care of tax calculation, tax postings, tax adjustments, and tax reporting through the three FI components; namely GL, AP, and AR.

SAP allows taxation at three levels:

  1. National level or federal level (Europe, South Africa, Australia, etc.)
  2. Regional or jurisdiction level (USA)
  3. National and Regional level (India, Canada, Brazil etc.)

As the requirement of tax configuration in SAP you should define the following;

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Difference Between mySAP ERP Financials and R/3 Financial Accounting

‘mySAP ERP Financials’ is built on the NetWeaver platform, which is the foundation for service oriented business solutions, for deploying financial processes at a faster pace. Irrespective of the business type, mySAP ERP Financials is designed to support financial accounting requirements to provide a single complete platform to achieve excellence in accounting, performance management, financial supply chain, and corporate governance.

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HR/Payroll Integration with ERP Financials

With this presentation you will learn the key integration points between the HR/Payroll functions and Financials, understand the fundamentals for the transfer between payroll and financials and useful tips for configuration. Followings topics to be covered;

  • Understanding How Payroll Updates FI/CO
  • Utilizing the Payment Program
  • Mapping Payroll Components to FI/CO
  • Defining Third-Party Remittance Components
  • Narrowing in on Tax Authorities
  • Reconciling Using the Payroll Reconciliation Report

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University Resources for SAP Tutorials

Because I’m a college student, it has been many times i have collected useful course documents from other college’s sites to make my study easier. Well, this is valid for improving my SAP knowledge also though this is uncommon for many practicers. There are a plenty of University resources that you can benefit at the utmost. Recently you must have seen SAP Online Training sites provide interactive user guides which are created by Adobe Captivate application. Like Michaelmanagement provides, you can view the demo. This tool also tempts my interest, to create certification tests, end-user guides and presentations.

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