What is fund order in SAP FS-PM - Policy Management?

SAP Term: fund order

• Component: FS-PM

• Component Name: Policy Management

• Description: The purchase or sales order of a fund. Settled orders are executed in a fund-relevant processing activity, whereas simulation orders are executed in a planning run.

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• Key Concepts: 
  Fund Order is a feature of the SAP FS-PM Policy Management component. It is used to manage the budgeting and spending of funds within an organization. It allows users to create, approve, and track orders for funds, as well as monitor the status of those orders. 
  
  How to use it: 
  Fund Order can be used to create orders for funds, which can then be approved by the appropriate personnel. Once approved, the order is sent to the relevant department for processing. The status of the order can then be tracked in real-time. 
  
  Tips & Tricks: 
  When creating a fund order, it is important to ensure that all necessary information is included in the order. This includes the amount of funds requested, the purpose of the funds, and any other relevant details. Additionally, it is important to ensure that all approvals are obtained before submitting the order. 
  
  Related Information: 
  Fund Order is part of the SAP FS-PM Policy Management component, which also includes features such as budgeting and forecasting, cost control, and reporting. Additionally, Fund Order can be integrated with other SAP components such as FI-CA (Contract Accounting) and FI-SL (Special Ledger).