What is the difference between the SAP Business One end user and the SAP FICO?

SAP FI consultants are mainly responsible for implementing Financial Accounting and Cost Accounting with SAP ERP Financials. Large scale corporates usually adopt this portofolio.

SAP Business One is an integrated enterprise resource planning (ERP) software that targets business software requirements of small and medium sized enterprises (SMEs).This means that SAP Business One is suitable for subsidiary integration to Large Enterprises running the SAP Business Suite. The B1 allows SAP Business One to evolve from a Business Application to a Business Platform

SAP Business One contains 14 "core modules":

Administration Module = where configuration is performed

Financials Module = where various accounting and financial activities are conducted

Sales Opportunities Module = where existing customers and potential amounts are structured tracking

Sales Module = where orders are entered, shipped and invoiced

Purchasing Module = where purchase orders are issued and goods received into inventory

Business Partners Module = where Business Partners (customers, vendors, and leads) are contacted and maintained

Banking Module = where cash is received and paid out

Inventory Module = where Inventory is valued and managed

Production Module = where bill of materials is defined and manufacturing is tracked

MRP Module = where purchase and production planning takes place

Service Module = (After-service product)

Human Resources Module

Reports Module

ECommerce Module.

These modules can be operated by the firms managment on point of contact with the avaliable data.

SAP FICO.

SAP FI module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. SAP FI module mainly deals with the following financial components −

  • Fixed asset
  • Accrual
  • Cash journal
  • Accounts receivable and payable
  • Inventory
  • Tax accounting
  • General ledger
  • Fast close functions
  • Financial statements
  • Parallel valuations
  • Master data governance

SAP FI consultants are mainly responsible for implementing Financial Accounting and Cost Accounting with SAP ERP Financials. Large scale corporates usually adopt this portofolio.

Accounting Background along with Apt CS skill gives and excellent marriage for opting fico as growth channel,along with accounting terminology you need to understand the logic how the data is flowing in the SAP system . Consulting is necessary to implement