What is 'actual amount' in SAP EPM-SA - SAP Spend Performance Management?

actual amount - Overview

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: The current amount, as opposed to the budgeted or forecasted amount.

actual amount - Details

• 
  Key Concepts: 
  Actual amount is a term used in SAP Spend Performance Management (EPM-SA) to refer to the actual cost of a purchase or expense. It is the amount that was actually paid for the item or service, and it is used to compare against the budgeted amount to determine if there was an overspend or underspend. 
  
  How to use it: 
  The actual amount can be used to track and monitor spending in order to ensure that it is within budget. It can also be used to identify areas where cost savings can be made. The actual amount can be found in the SAP system by navigating to the “Actuals” tab in the Spend Performance Management module. 
  
  Tips & Tricks: 
  It is important to remember that the actual amount may not always match the budgeted amount due to changes in market prices or other factors. It is also important to note that the actual amount may not always be available immediately, as it may take some time for invoices and other documents to be processed. 
  
  Related Information: 
  The actual amount is closely related to other terms such as budgeted amount, forecasted amount, and variance. It is also related to other SAP modules such as Financial Accounting (FI) and Controlling (CO).