What is financing in SAP PA-PM-PB - Position Budgeting and Control?

SAP Term: financing

• Component: PA-PM-PB

• Component Name: Position Budgeting and Control

• Description: The funds made available for a person or position required in a particular period. The financing is created in the system by the commitment run. The commitment run can be called up in the following way: It is planned as a job in Customizing of . This means that the new financing is created regularly, without manual intervention. Using the menu Using the infotype financing status infotype 0724 or infotype 1516 In , the financing status is in infotype 1516 for positions or 0724 for persons. Financing is called commitment in Funds Management. This commitment is saved as an earmarked fund in document form: as funds precommitment for positions and fund commitments for persons.

Smart SAP Assistant

• Key Concepts: 
  Financing is a component of Position Budgeting and Control (PA-PM-PB) in SAP. It is used to manage the budgeting and control of financial resources for positions within an organization. It allows users to plan, monitor, and control the financial resources allocated to positions in an organization. 
  
  How to use it: 
  Financing in SAP can be used to create budgets for positions, track actual costs against those budgets, and analyze the differences between the two. It also allows users to create budget plans for positions and monitor their progress against those plans. Additionally, it can be used to generate reports on the financial performance of positions within an organization. 
  
  Tips & Tricks: 
  When using Financing in SAP, it is important to ensure that all budget plans are up-to-date and accurate. Additionally, it is important to regularly review actual costs against budgeted costs in order to identify any discrepancies or areas of improvement. 
  
  Related Information: 
  For more information on Financing in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_FINANCIAL_CONTROL/731/en-US