What is FI documents used for? Why needed in SD?

[Former Member]

Hi,

Do you know what exactly the 'FI Document' means as mentioned in below:

"In the Order to Cash Cycle, Invoicing is the last step. A Customer Order has to be Invoiced to receive money from the Customer. Therefore, it necessitates that a FI Document be created along with the Billing Document (Invoice) in SD."

Why we need FI document since there has billing document already..??!! And what is FI documents..How to check in the system..

Thank you very much!

[Former Member]

good

[former_member204513]

Dear Laa,

When ever sales value will be posted to the accounting the FI document will generated for the respective transaction.

In the fallowing areas FI documents will be generated in Sales and Distribution.

-->When we do the PGI in the delivery document FI document will created for Cost of goods sold.

--> When we generate invoice the invoice will be posted to accounting here also accounting document will get generated.

How to see the FI document :-

-->Go to VL02N transaction enter delivery document number then click on document flow Icon sytem will take you to the document flow screen here you dobule click on Post goods isuue now system will take you to next screen here you can find accounting document.

-->Go to VF02 transaction enter in to your billing document after entering in to it there is Accouinting push button click on it now system will take you to the accounting document screen.

Or Click on Document flow Icon system will take you to document flow details screen here you can find acounting document.

I hope it will help you,

Regards,

Murali.

[Former Member]

Hi ,

It is clearly explained in the another question raise in the forum.

FI document is necessary to document and automatically post the revenues and discount taxes, etc From SD to Fi

Why we have do this is the SD are the main person who generate the selling price. the selling price consist of revenues , discounts, taxes and freight. these has posted in the ledger to determine the profit and lost.

thanks

Kuntla