What is subbudget in SAP PA-EC - Enterprise Compensation Management?

SAP Term: subbudget

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: The subbudget in Compensation Budgeting refers to a subdivision of a budget unit. For example, within a superior budget for bonuses for an organizational unit, there can be subbudgets for smaller cost centers. All subbudgets must be consistent before a budget can be released.

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• Key Concepts: 
  Subbudget is a feature of the SAP Enterprise Compensation Management (PA-EC) component that allows users to create and manage budgets for different compensation plans. It enables users to set up budgets for different compensation plans, such as salary, bonus, and stock options. Subbudget also allows users to track and monitor the budgeted amounts for each plan. 
  
  How to use it: 
  Subbudget can be used to create and manage budgets for different compensation plans. To create a subbudget, users must first define the budget parameters, such as the budget amount, budget period, and budget type. Once the parameters are defined, users can then assign the budget to a specific compensation plan. The subbudget can then be monitored and adjusted as needed. 
  
  Tips & Tricks: 
  When creating a subbudget, it is important to ensure that the budget parameters are accurate and up-to-date. This will help ensure that the budget is properly allocated and tracked. Additionally, it is important to regularly review and adjust the subbudget as needed in order to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information on SAP Enterprise Compensation Management (PA-EC) and subbudgets, please refer to the SAP Help Portal or contact your local SAP representative.