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.

Reversal of Documents in SAP

If you need to change some of the accounting information relating to an already posted document,you can only achieve this by ‘Reversing’ the original document and posting a new one with the correct information. However, reversal is possible only when:

  • The origin of the document is in FI (not through SD or MM, etc.)
  • The information such as business area, cost center, etc., is still valid (that you have not deleted these business objects)
  • The original document has no cleared items
  • The document relates only to the line items of customer/vendor/GL

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Direct & Indirect Quotation

It is possible to maintain the exchange rates, in SAP, by either of these two methods. What determines the use of a particular type of quotation is the business transaction or the market standard (of that country).
SAP adopts two prefixes to differentiate direct and indirect quotes during entering/displaying a transaction:

‘’—Blank, no prefix. Used in Direct Quotation
‘/’—Used in Indirect Quotation

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What Controlling Is Not?

In order to better understand what Controlling module is, have a look at what it is not;

CO is not just costs.Many people mistakenly think that CO stands for cost management. While the controlling module does support cost management, it certainly is not limited to cost management. Much of the profitability reporting resides in the CO module.

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Stopping Payment With Cancellation of Invoice in SAP

Accounts Payable vendor checks are created in the SAP system via automatic payment program execution (transaction F110) or via manual check generation (transactions F-53 and FCH5). Sometimes there are business scenarios where a check must be voided in the SAP system. For example, a check may have ripped during printing or was reported as stolen. The Accounts Payable (AP) Supervisor or Lead will be notified of the need to void an AP check(s). The Supervisor or Lead will verify the business requirement and complete the Cancel Check Payment (FCH8) transaction in SAP. It is important to note that the FCH8 transaction not only voids the check but also reverses the payment document. Because the payment document is reversed, the corresponding invoice(s) are put back to an open status in the system. The open invoice will then be included on the next automatic payment program run or can be cleared manually via transaction F-53 and FCH5 (Quicken check).

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Funds Management: Definition

FM is a process that allows classification and tracking of revenues and expenditures in terms of a budget structure

The FM module contains several core master data elements:

  • Fund – Source and use of financing
  • Fund Center – Organizational Structure
  • Commitment Item – Expenses and Revenues
  • Functional Area – Program or Activity
  • Fund Type – Description
  • Funded Program – Lower level internal programs or activity

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New Tables in New General Ledger

Three new tables in the new general ledger handle totals, store general-ledger and specific line items, and calculate valuations for year-end closings in parallel ledgers

Two new tables (FAGLFLEXA & FAGLFLEXP) store the ledger-specific line items (Actual & Planned) & contain additional information for use in the entry view. The tables help in updating different characteristics and document splitting information, different period shifts, and different currencies in specific ledgers for individual documents. Helps in preparing reports for specific dimensions at item level.

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