What is planning document in SAP CO - Controlling?

SAP Term: planning document

• Component: CO

• Component Name: Controlling

• Description: A line item for documenting changes in planning.

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• Key Concepts: 
  A planning document is a tool used in SAP Controlling (CO) to plan and manage costs and revenues. It is used to create a budget for a specific period of time, such as a fiscal year, and to track actual costs and revenues against the budget. The planning document can also be used to compare actual results with planned results. 
  
  How to use it: 
  To use the planning document, first create a budget for the period of time you are planning for. This budget should include all expected costs and revenues. Once the budget is created, you can enter actual costs and revenues into the planning document. The planning document will then compare the actual results with the planned results and provide an overview of how well the budget was met. 
  
  Tips & Tricks: 
  When creating a budget for the planning document, it is important to be as accurate as possible. This will help ensure that the actual results are as close to the planned results as possible. Additionally, it is important to regularly update the planning document with actual costs and revenues so that you can track your progress against the budget. 
  
  Related Information: 
  The planning document is part of SAP Controlling (CO). Other components of CO include cost center accounting, profitability analysis, product costing, and more. Additionally, there are other tools available in SAP that can be used for budgeting and tracking actual costs and revenues, such as SAP Business Planning and Consolidation (BPC).