5/31/2023 0 Comments Fi mm integration in sap fico![]() As you know, valuation level must be defined in SAP customizing (transaction OX14). ![]() Valuation grouping code enables us to customize account determination according to different valuation areas. This is how SAP knows which chart of accounts should be used for account determination. Each plant is assigned to a particular company code (transaction OX18) and each company code uses a particular chart of accounts (transaction OB62). SAP determines the chart of accounts based on the plant mentioned in an MM transaction. The first parameter influencing automatic determination of accounts is the chart of accounts. ![]() SAP will automatically determine the following parameters: Let’s see what happens when a goods movement is done in MM. How does SAP know which accounts to use for different materials? This is controlled by a number of parameters. SAP ERP is able to automatically calculate value the company’s stock and keep financial accounts up-to-date thanks to the integration between MM and FI modules. Stock of materials that a company has is its asset and it is a legal requirement to mention it on various financial reports. ![]() However, value of the inventory must be reflected on financial accounts of a company. As you can tell from from its name, MM module is responsible for managing materials and inventory in SAP. Let’s start with discussion of SAP MM FI integration in the area of inventory management.
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