What is annual budget in SAP IM - Investment Management?

SAP Term: annual budget

• Component: IM

• Component Name: Investment Management

• Description: The budget that is approved for one year. It contains all expenses and internal costs expected to arise in the specified year.

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• Key Concepts: 
  An annual budget is a financial plan for a company or organization that covers a period of one year. It is used to estimate and plan for the expected income and expenses of the organization. In SAP Investment Management (IM), an annual budget is used to plan and manage investments in assets, such as property, equipment, and other resources. 
  
  How to use it: 
  In SAP IM, an annual budget is created by entering the expected income and expenses for the year. This information can be used to create a budget plan that can be used to track and manage investments. The budget plan can also be used to compare actual results with the planned results. 
  
  Tips & Tricks: 
  When creating an annual budget in SAP IM, it is important to consider the long-term goals of the organization. This will help ensure that the budget is realistic and achievable. Additionally, it is important to review the budget regularly to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  SAP IM also provides tools for creating multi-year budgets, which can be used to plan for future investments over multiple years. Additionally, SAP IM provides tools for analyzing and reporting on budget performance, which can be used to identify areas of improvement or potential savings.