Purpose
Funds Management (FI-FM) uses data from various application components in the SAP System, particularly Financial Accounting (FI), Materials Management (MM), and Human Resources (HR), to reproduce certain business processes.
Posting data from other components flows into Funds Management where it is recorded as commitment or actual data and can be displayed in the information system. For example, posting an invoice receipt leads to payment obligations being updated in Funds Management.
Funds Management differentiates the data according to how advanced processing is in the system. All data which is entered up until the point of invoice receipt or invoice issue is commitment data, such as purchase orders and purchase requisitions. All other data is actual data. Data is recorded on the basis of one of the update profiles delivered with the system.
This component supports the integration of Funds Management with other components to suit your requirements.
Integration |
Requirement |
Financial Accounting |
|
G/L account postings |
General Ledger Accounting (FI-GL) |
Accounts payable |
Accounts Payable (FI-AP) |
Accounts receivable |
Accounts Receivable (FI-AR) |
Asset postings |
Fixed Assets Management (FI-AA |
Travel expenses |
· Travel Management (FI-TV or PA-TV) · Personnel Administration (PA-PA) |
Controlling |
|
· Actual assessment · Actual line item reposting · Actual primary cost reposting · Actual distribution · Indirect activity allocation · Order settlement · Actual accrual calculation · Actual activity allocation |
Overhead Cost Controlling (CO-OM) |
Materials Management |
|
· Purchase requisition · Purchase orders |
· Purchasing (MM-PUR) · External Services (MM-SRV) |
· Goods receipts · Goods issues |
Inventory Management (MM-IM) |
Invoice receipts |
Invoice Verification (MM-IV) |
Plant Maintenance |
|
Plant maintenance orders |
Maintenance Processing (PM-WOC) |
Sales and Distribution |
|
Billing |
· Sales (SD-SLS) · Shipping (SD-SHP) · Billing (SD-BIL) |
Human Resources |
|
Payroll accounting |
· Payroll Accounting (PA-PY) · Personnel Administration (PA-PA) |
Postings which cause expenditures in the system or lead to a payment commitment cause a number of documents to be generated in Funds Management. To generate them, the system uses information from the financial accounting document which, for example, is generated when a purchase requisition or purchase order is generated. For postings in other components to be passed on to Funds Management, you must use General Ledger Accounting (FI-GL).
When you post documents in the Funds Management feeder systems, they are subject to the active availability control in BCS.
The Materials Management (MM) component is used for processing purchase orders. PSM-FM is fully integrated with MM. When you post a purchase order, availability control checks whether sufficient budget is available. If it is, the posting data is passed automatically to Funds Management and displayed in the information system as expenditures, under Purchase Order. If there is not enough budget, the system rejects the purchase order.