What is budget expiration schedule in SAP CRM-FM - Funds Management?

SAP Term: budget expiration schedule

• Component: CRM-FM

• Component Name: Funds Management

• Description: An overview of budgets that are going to or have already expired. The budgets are grouped by posting period.

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• Key Concepts: 
  Budget expiration schedule is a feature of SAP Funds Management (FM) in the Customer Relationship Management (CRM) module. It allows users to set a specific date for when a budget will expire. This ensures that funds are used within the specified timeframe and that any remaining funds are returned to the budget holder. 
  
  How to use it: 
  To set up a budget expiration schedule, users must first create a budget in the FM module. Once the budget is created, users can then set an expiration date for the budget. This can be done by selecting the “Expiration Date” field in the budget details page and entering the desired date. 
  
  Tips & Tricks: 
  It is important to note that once a budget has expired, it cannot be reactivated or extended. Therefore, it is important to ensure that all funds are used before the expiration date. Additionally, users should be aware that any remaining funds after the expiration date will be returned to the budget holder. 
  
  Related Information: 
  For more information on setting up a budget expiration schedule in SAP Funds Management, please refer to the SAP Help Portal or contact your local SAP support team.