What is customer-definable budget structure element type in SAP PA-PM - Budget Management?

SAP Term: customer-definable budget structure element type

• Component: PA-PM

• Component Name: Budget Management

• Description: A medium in budget plan in which revenue is estimated according to origin and expenditure and according to purpose.

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• Key Concepts: 
  Customer-definable budget structure element type is a feature of the SAP PA-PM Budget Management component. It allows customers to define their own budget structure element types, which are used to create budget elements in the system. These budget elements are then used to track and manage budgets. 
  
  How to use it: 
  To use customer-definable budget structure element type, customers must first define the budget structure element types they want to use. This can be done in the SAP system by going to the “Budget Structure Element Types” tab in the PA-PM Budget Management component. Once the budget structure element types have been defined, customers can then create budget elements using these types. 
  
  Tips & Tricks: 
  When defining budget structure element types, it is important to consider how they will be used in the system. For example, if a customer wants to track budgets for different departments, they should create a separate budget structure element type for each department. This will make it easier to track and manage budgets for each department. 
  
  Related Information: 
  For more information on customer-definable budget structure element type, please refer to the SAP Help documentation for PA-PM Budget Management. Additionally, there are many online resources available that provide more detailed information on how to use this feature in SAP.