What is carrying forward of overall budget in SAP PA-PM - Budget Management?

SAP Term: carrying forward of overall budget

• Component: PA-PM

• Component Name: Budget Management

• Description: The process of carrying over of a budget into a new financial year as the basis of the budget for the new financial year.

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• Key Concepts: 
  Carrying forward of overall budget is a feature of the SAP PA-PM Budget Management component. It allows users to transfer the total budget from one period to the next, allowing for more accurate budget planning and forecasting. This feature is especially useful for organizations that have multiple budget periods, such as fiscal years or quarters.
  
  How to use it: 
  To use the carrying forward of overall budget feature, users must first set up a budget plan in the SAP system. This plan should include the total budget amount for each period, as well as any other relevant information such as cost centers and accounts. Once the plan is set up, users can then carry forward the total budget from one period to the next. This can be done manually or automatically, depending on user preferences.
  
  Tips & Tricks: 
  When setting up a budget plan in SAP, it is important to ensure that all relevant information is included. This includes not only the total budget amount for each period, but also any cost centers and accounts that are associated with the plan. Additionally, users should be aware of any restrictions or limitations that may be in place when carrying forward a budget from one period to the next.
  
  Related Information: 
  For more information on using the carrying forward of overall budget feature in SAP PA-PM Budget Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature effectively.