What is SAP FI?

SAP FI (Financial Accounting) is a core module in SAP ERP (Enterprise Resource Planning) that handles a company's financial transactions and reporting. It is used for managing and tracking financial data, creating financial statements, and ensuring compliance with accounting standards. Common functionalities include General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Asset Accounting (AA), and Bank Accounting.