What is 'approved amount' in SAP CRM-FM - Funds Management?

approved amount - Overview

• Component: CRM-FM

• Component Name: Funds Management

• Description: An amount that results through the claim validation process.

approved amount - Details

• 
  Key Concepts: 
  Approved Amount is a term used in SAP CRM-FM Funds Management. It is the amount of funds that have been approved for a particular project or activity. This amount is set by the organization and cannot be exceeded. 
  
  How to use it: 
  The Approved Amount is used to track the budget of a project or activity. It is set at the beginning of the project and cannot be changed without approval from the organization. The Approved Amount is used to ensure that the project or activity does not exceed its budget. 
  
  Tips & Tricks: 
  It is important to keep track of the Approved Amount throughout the project or activity. This will help ensure that the project or activity does not exceed its budget. Additionally, it is important to review the Approved Amount periodically to ensure that it is still appropriate for the project or activity. 
  
  Related Information: 
  The Approved Amount is related to other terms in SAP CRM-FM Funds Management such as Actual Amount, Planned Amount, and Available Amount. The Actual Amount is the amount of funds that have been spent on a particular project or activity. The Planned Amount is the amount of funds that are planned to be spent on a particular project or activity. The Available Amount is the amount of funds that are available for a particular project or