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In the SAP FICO (Financial Accounting and Controlling) module, the most frequently used function is General Ledger Accounting (FI-GL). This function is central to financial processing in SAP, providing comprehensive capabilities for managing and maintaining financial accounts. It enables organizations to record all business transactions, manage account balances, and generate financial statements. The General Ledger is integrated with other sub-modules like Accounts Payable (FI-AP), Accounts Receivable (FI-AR), Asset Accounting (FI-AA), and Controlling (CO), ensuring real-time financial data consistency across the system. This integration helps in accurate financial reporting and effective financial management, making it indispensable for users of the SAP FICO module.

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SAP FICO Classes in Pune
SAP FICO Course in Pune

Dunning in SAP FICO refers to the automated process of reminding customers about overdue payments. It involves generating and sending dunning letters to customers, informing them of their outstanding invoices. The dunning process can be customized based on various parameters such as dunning levels, intervals, and charges. Each level represents a different stage of urgency, with increasing severity in communication. The system tracks the payment history and calculates the overdue amounts, ensuring systematic follow-up to improve cash flow and reduce outstanding receivables. This helps maintain effective financial management and customer relationships within an organization.

Know more- SAP FICO Training in Pune
SAP FICO Classes in Pune