What is available-to-spend in SAP CRM-FM - Funds Management?

SAP Term: available-to-spend

• Component: CRM-FM

• Component Name: Funds Management

• Description: An amount that has not yet been claimed. For example, you have a budget of 5,000 USD of which you have already claimed 2,000 USD. This means you still have 3,000 USD left to claim.

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• Key Concepts: 
  Available-to-spend is a term used in SAP Funds Management (CRM-FM) to refer to the amount of funds that are available for a particular purpose. It is calculated by subtracting the total amount of committed funds from the total amount of available funds. This number represents the amount of money that can be used for a specific purpose without exceeding the total available funds. 
  
  How to use it: 
  Available-to-spend can be used to determine how much money is available for a particular purpose. It is important to note that this number does not include any funds that have already been committed or allocated for other purposes. To calculate available-to-spend, subtract the total amount of committed funds from the total amount of available funds. 
  
  Tips & Tricks: 
  When calculating available-to-spend, it is important to consider any additional costs that may be associated with a particular purpose. This includes taxes, fees, and other costs that may not be included in the total amount of available funds. Additionally, it is important to keep track of any changes in the total amount of committed funds as this will affect the available-to-spend calculation. 
  
  Related Information: 
  Available-to-spend is closely related to other terms such as committed funds and allocated funds. Committed funds are those that have been set aside for a specific purpose and cannot be used for any other purpose. Allocated funds are those that have been assigned to a particular purpose but can still be used for other purposes if needed.