A COMPARISON ON MODULES OF SAP FICO & SAP SD

Technological advance is the accurate and optimized way for the organizations to accretion the best after-effects with optimized processes and advantageous means to attain advance in the business. SAP stands for System Application and Product. It is an organization ERP module that assists in managing the different modules of the firm with its components. The SAP is supporting a lot of organizations for a continued time. As a result of the introduction of digitalized and fastly growing industrialization, today the SAP process is on its hype. Therefore, it has great demand in the market. Today there are a lot of SAP FICO Training Institute Kerala.

SAP FICO Modules

1. General Ledger Accounting: The general ledger accounts which are used for reporting are managed via general ledger accounting. According to SAP, a chart of accounts is referred to as the set of all general ledger accounts used by a firm or a group of firms. For the preparation of financial statements these accounts are used.

2. Accounts Receivables: This is a sub module in SAP FICO that manages the accounts of customers and captures all customer transactions. There is a need for maintaining separate customer accounts. Reconciliation accounts in general ledger needed to be updated with the figures in real time when transactions are posted in customer accounts.

3. Accounts Payable: It is a sub module in SAP FICO that considers all transactions related to vendors and also manages accounts of vendors. There is a requirement for maintaining separate vendor accounts. Reconciliation accounts in general ledger needed to be updated with the figures in real time when transactions are posted in customer accounts.

4. Asset Accounting: All transactions connected to assets for an entity is managed by Asset accounting in SAP FICO. Reconciliation accounts in general ledger needed to be updated in real time when transactions are posted in asset accounts. Asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation, asset depreciation etc are the transactions included in asset accounting.

5. Bank Accounting: All transactions with the banks are captured by Bank accounting. For the purpose of reconciling all transactions recorded on bank statements, bank reconciliation is to be done.

SAP SD Modules

SAP-SD-MD (Master Data): The SAP SD user has a master data. This can track all transactions within the data. This SD master data include both material and customer data, price condition records, and management of credit. This module consists of order and cash processes.

SAP-SD-BF (Basic Functions): This results in an efficient process across every basic function involved in the areas of sales and distribution. Pricing, output etc are the examples of basic functions.

SAP-SD-SLS (Sales): SAP SD sales handles each and every small detail of all sales that are taking place. This module tracks everything from recording the product to customer details, pricing, feedback and the process of sales.

SAP-SD-SHP (Shipping): Sales are very much connected with delivery and shipping. It is mandatory to be rightly shipped and delivered to the customer. Today there are a lot of methods available for shipping. This module helps to track each method used for each delivery. As a result, this module records the entire process from being shipped to delivered or returned back.

SAP-SD-TBA (Transportation): This part of SAP SD works very closely with the above discussed shipping module. A product can be delivered either by couriered or manually delivered. For both transportation methods the mode of transportation is different and it is being tracked through this component.

SAP-SD-FTT (Foreign Trade): This module supports departments to handle the data related to foreign trade. It comprises both imported and exported products. This component is very much useful for those enterprises which are involved with trade across nations.

SAP-SD-BIL (Billing): In sales billing is one of the major important parts. Customers can make payments either online (using debit or credit card), through cash on delivery, or by using paypal account and so on. Through this module each and every bill detail is recorded in order to maintain a proper track for future reference.

SAP-SD-CAS (Sales Support): Customers constantly interact with the sales team from selling a product to maintaining it for a process. Through this module the data exchanged between the sales team and customers while delivering support for a product is recorded.

Final Thoughts

Today in this digital era SAP is one of the most vibrant career options. Among them SAP FICO and SAP SD are more popular. The most significant purpose for this is fast growth in career, availability of a wider range of opportunities in the worldwide market, attainment of global acknowledgment and increase client confidence, provides best compensative jobs in IT sections, and also have great opportunities to work abroad. Job satisfaction is one of the most important reasons beyond all these.

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