What is eligible expenditure in SAP PSM-EC - Expenditure Certification?

SAP Term: eligible expenditure

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: An expenditure incurred adhering to a sponsor's rules, which can be used as a basis to calculate the sponsor's contribution.

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• Key Concepts: 
  Eligible Expenditure is a term used in the SAP PSM-EC Expenditure Certification component. It refers to the amount of money that can be spent on a particular project or activity, as defined by the budget and other criteria. This amount is tracked and monitored throughout the project or activity to ensure that it is not exceeded. 
  
  How to use it: 
  In order to use Eligible Expenditure in SAP PSM-EC, users must first define the budget for the project or activity. This budget should include all expected costs associated with the project or activity, including labor, materials, and other expenses. Once the budget is set, users can then track and monitor Eligible Expenditure throughout the project or activity. This will help ensure that the budget is not exceeded and that all costs are accounted for. 
  
  Tips & Tricks: 
  When setting a budget for a project or activity, it is important to be realistic about what can be accomplished within that budget. It is also important to keep track of any changes in costs throughout the project or activity, as these can affect the Eligible Expenditure amount. 
  
  Related Information: 
  For more information on Eligible Expenditure in SAP PSM-EC, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for managing budgets and tracking expenditures in SAP PSM-EC.