What is budgeted balance sheet in SAP FI - Financial Accounting?

SAP Term: budgeted balance sheet

• Component: FI

• Component Name: Financial Accounting

• Description: A balance sheet derived on a certain key date from the partial plans: Sales plan Production schedule Investment plan Human resources plan Financial budget

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• Key Concepts: 
  A budgeted balance sheet is a financial statement that shows the expected financial position of an organization at a specific point in time. It is used to plan and manage the financial resources of an organization. It includes assets, liabilities, and equity. It is used to compare actual results with planned results. 
  
  How to use it: 
  In SAP Financial Accounting (FI), budgeted balance sheets are used to plan and manage the financial resources of an organization. The budgeted balance sheet can be used to compare actual results with planned results. This helps organizations identify areas where they need to make adjustments in order to meet their goals. 
  
  Tips & Tricks: 
  When creating a budgeted balance sheet in SAP FI, it is important to ensure that all of the data is accurate and up-to-date. This will help ensure that the budgeted balance sheet is an accurate representation of the organization’s financial position. Additionally, it is important to review the budgeted balance sheet regularly in order to identify any changes that need to be made. 
  
  Related Information: 
  For more information on budgeted balance sheets in SAP FI, please refer to the SAP Help Portal or contact your local SAP consultant. Additionally, there are many online resources available that provide detailed information on how to create and use budgeted balance sheets in SAP FI.