Fica is one of the SAP
technical module, which is used in various industry sectors as well as many
future projects.
As its name itself shows
i.e. FI-CA is subledger accounting that organizations can oversee immense
volume of the archives and the master data. As the necessities expanded
conditionally enormous exchange and unpredictability of the organizations about
accounting process SAP thought of FI-CA to give arrangement as opposed to
overseeing in FI-AR. By methods for its ability we can make a huge number of
every day transaction and post billions of reports altogether without having
execution issue.
Aside from intuition as
subledger we utilize it as a module all alone in wide variety of segments, for
example, media transmission, protection, public sector and obviously Utilities.
With the business modules (BI-INV, SD, CRM and so forth) that is coordinated
and sales transactions such as collection, collection cancellation, other
clearing forms, and so forth. FICA automates accounting developments and wipes
out manual procedures thus it guarantees the budgetary books and 100%
consistency.
SAP FICA (Financials & Contract
Accounts)
The term FI-CA remains
for "Contract accounts receivable & payable". FI-CA contains the
scope of capacities required by various ventures or tasks for their records
receivable and payable management. Right now, these enterprises incorporate
public sector, utilities and broadcast communications organizations. The normal
factor among these organizations is a large number of clients, which implies
significantly more open things. The quantity of clients in every framework may
go into the millions, and the quantity of open things a few times that. Such
volumes of information can be prepared by FI-CA in light of the fact that the
memory space required for putting away open and cleared things was decreased
and basic exercises, for example, posting, paying, dunning and returns handling
were accelerated.
The FI-CA reports
accommodate the present record assignments from the accompanying application
parts:
1. The general record.
Here it is the company code, business region, G/L account.
2. The overhead costs
Controlling and the Profitability Analysis (CO-PA). Here it is fetched focus,
arrange, project, Profit Center, benefit section.
The records refresh FI-CA
posting sums which are subdivided by the record assignments named previously.
In any case, in light of the fact that the FI-CA reports regularly just vary
from each other as to sum, business accomplice and contract account, a vast
synopsis impact emerges in the FI-CA posting aggregates. So encounter from IS-U
demonstrates that few hundred thousand FI-CA documents item meet on a couple of
hundred aggregates records. The FI-CA posting aggregates frame the reason for
producing G/L records, by means of which the general record, as well as, by
transferring the corresponding Controlling account assignments, the distinctive
zones of Controlling are refreshed.
Notwithstanding the
record task qualities of G/L accounting and Controlling, the FI-CA posting
aggregates can be gathered by an unreservedly quantifiable compromise key.
This compromise key is
put away:
• in the FI-CA archive
header
• in the FI-CA posting
total
• in the document header
of the general record report as outer reference
This makes it conceivable
to comprehend from which FI-CA reports a general record transfer document has
been formed. This is a manner by which, for example, a reconciliation between
contract money due and payable and the general record for an entire installment
run, billing run or a given heap of FI-CA reports can be executed.
The FI-CA records
accommodate the present record assignments from the accompanying application
components:
• The general record.
Here it is the company code, business region, G/L account.
• The overhead costs
Controlling and the Profitability Analysis (CO-PA). Here it is fetched focus,
arrange, venture, Profit Center, profitability segment.
FICA Integration
when FI-CA reports are
posted, special FI-CA documents, known as sums records, are refreshed. The
aggregates records are framed from the individual FI-CA documents if allowed by the record task and posting
information. All the standard record assignments can be utilized as a part of
the FI-CA line thing, for instance, from:
 |
SAP FI-CA Integration |
- G/L accounting (company
code, business territory, and G/L account number)
- Profitability
investigation (for instance, cost focus, request, and project)
The sums records are
dispensed to a client characterized compromise key. You should indicate the
reconciliation key in the event that you are posting physically. In mass
preparing, the framework makes it consequently and stores it in the report
header of the FI-CA document.
Account
Determination (AD)
In the event that a
document is posted for a client in FI-CA, automatic account determination
decides the reconciliation account, the related balancing record, and at least
one expense records, and enters them in the report. These records compare to
the G/L records to be posted in the general record.
Automatic
account determination process:
A. It is altogether in
view of Main transaction & Sub transaction mapping.
B. Reconciliation account
is mapped with principle transactions. This integration depends on AD ID which
we delineate Contract Account level. So to decide legitimate recon account we
have to delineate:
1. AD ID keep up at CA
level.
2. This AD ID and recon
account mapping require with main transaction.
3. Characterize AD ID
depends on business prerequisite. Regularly it depends on district or kind of
client.
4. Case of mapping:
5. DECC – 01 – 240100
(Main trans – AD ID – recon acc)
6. Descriptive:
Disconnection Charge – Rural Domestic – Sundry borrowers acc for provincial
household.
7. Here recon accounts
are predominantly of sundry debtors' records and security store liabilities
account.
B. Balancing accounts are
mapped with sub transactions.
1. Sub transactions are
characterized with every primary transactions according to business
prerequisite.
2. Case:
3. DECC – 0010 – 400010
(Main exchange – sub exchange – balancing acc(Rev/exp))
C. All posting for client
in FICA take after account determination practice only. It is possible that we
post through SD charging mode or ISU charging invoicing mode or FICA archives
itself.
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