What is the reason of utilizing SAP FICO?

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SAP FICO basically acts as a monetary nerve center inside a company, recording all budgetary exercises, analyzing costs and incomes, and giving bits of knowledge that offer assistance in making educated monetary choices and controlling the company toward its goals.

Financial Bookkeeping (FI):

General Record Accounting:Think of this as the company's primary monetary book. It records all exchanges, like deals, costs, or speculations, in one place.

Accounts Payable:Manages cash going out of the company. Handles installments to providers, merchants, or anybody the company owes cash to.

Accounts Receivable:Deals with cash coming into the company.

Asset Accounting:Keeps tabs on the company's important stuff, like buildings, apparatus, or vehicles. It tracks when they were bought, how much they're worth, and their deterioration over time.

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