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

SAP Term: actual spend

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: The total spend in the system, regardless of approval

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• Key Concepts: 
  Actual Spend is a term used in SAP Spend Performance Management (EPM-SA) to refer to the total amount of money that has been spent on a particular item or project. It is calculated by taking the total amount of money that has been allocated for the item or project and subtracting any remaining budget. 
  
  How to use it: 
  Actual Spend can be used to track the progress of a project or item and to ensure that the budget is being used efficiently. It can also be used to compare actual spending against budgeted spending, allowing for better forecasting and planning. 
  
  Tips & Tricks: 
  When tracking Actual Spend, it is important to remember that it does not include any future spending that may be planned. It is also important to keep track of any changes in budget or spending that may occur over time. 
  
  Related Information: 
  Actual Spend is closely related to Budgeted Spend, which is the amount of money that has been allocated for a particular item or project. It is also related to Forecasted Spend, which is an estimate of how much money will be spent on a particular item or project in the future.