What is consumed budget in SAP CRM-FM - Funds Management?

SAP Term: consumed budget

• Component: CRM-FM

• Component Name: Funds Management

• Description: Quantity of a budget that has been used. This quantity can be expressed as a value or as a percentage.

Smart SAP Assistant

• Key Concepts: 
  Consumed budget is a term used in SAP Funds Management (FM) to refer to the amount of budget that has been used up or allocated to a particular project or activity. It is the difference between the total budget and the remaining budget. 
  
  How to use it: 
  In SAP FM, consumed budget can be tracked by creating a budget plan and assigning it to a project or activity. The budget plan will track the total budget, consumed budget, and remaining budget for the project or activity. This information can then be used to monitor and control spending. 
  
  Tips & Tricks: 
  It is important to regularly review the consumed budget for each project or activity in order to ensure that spending is within the allocated budget. This will help to avoid overspending and ensure that projects are completed on time and within budget. 
  
  Related Information: 
  For more information on SAP Funds Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_CRM_FUNDS_MANAGEMENT/7.0/en-US.