What is budget value in SAP PA-CM - Compensation Management?

SAP Term: budget value

• Component: PA-CM

• Component Name: Compensation Management

• Description: Amount or quantity that was specified for a budget.

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• Key Concepts: 
  Budget Value is a feature of SAP's PA-CM Compensation Management component. It is used to define the total amount of money that can be allocated to a particular budget item. This budget item can be used to track the total amount of money that has been allocated for a particular purpose, such as employee salaries or bonuses. 
  
  How to use it: 
  The Budget Value feature is used to set the total amount of money that can be allocated to a particular budget item. This budget item can then be used to track the total amount of money that has been allocated for a particular purpose. To set the Budget Value, users must first create a budget item and then enter the desired amount in the Budget Value field. 
  
  Tips & Tricks: 
  When setting the Budget Value, it is important to ensure that the total amount does not exceed the total available budget. Additionally, users should ensure that they are entering the correct currency when setting the Budget Value. 
  
  Related Information: 
  For more information on how to use the Budget Value feature in SAP's PA-CM Compensation Management component, please refer to SAP's official documentation.