What is version in SAP FS-PM - Policy Management?

SAP Term: version

• Component: FS-PM

• Component Name: Policy Management

• Description: Status of attributes for an entity, which is restricted by the effective start and end. The effective end can also be unlimited. Currently, a version can be active or inactive.

Smart SAP Assistant

• Key Concepts: 
  Version in SAP FS-PM Policy Management is a term used to describe the different versions of a policy that have been created. It is used to track changes made to the policy over time and to ensure that the most up-to-date version is being used. 
  
  How to use it: 
  When creating a new policy, the user must specify a version number. This number will be used to track any changes made to the policy over time. When making changes to an existing policy, the user must also specify a new version number. This will ensure that the most up-to-date version of the policy is being used. 
  
  Tips & Tricks: 
  When creating a new version of a policy, it is important to make sure that all changes are documented and tracked. This will help ensure that the most up-to-date version of the policy is being used and that any changes made are properly accounted for. 
  
  Related Information: 
  For more information on versioning in SAP FS-PM Policy Management, please refer to the official SAP documentation.