What is SAP Financial Accounting?

SAP Financial Accounting (FI) is a core module in SAP ERP that helps businesses manage and track their financial transactions and reporting. It is used to record, process, and report financial data, providing a real-time view of a company's financial position. Common uses include general ledger accounting, accounts payable, accounts receivable, asset accounting, and bank accounting. It enables companies to comply with accounting standards and generate financial statements.