What is 'financing source' in SAP PSM-EC - Expenditure Certification?

financing source - Overview

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: The main data object containing the funding amount used during the certification of expenditures for public organizations. A financing source is defined for a particular financing source type. It can contain the overall or partial amount of the financial assistance granted to a public organization. An organization can create the structure and naming of the financing to reflect the respective sponsor's funding policy.

financing source - Details

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  Key Concepts: 
  Financing source is a term used in SAP's PSM-EC Expenditure Certification component. It refers to the source of funds used to finance a particular expenditure. This could be a loan, grant, or other type of funding. The financing source is important for tracking and reporting on the use of funds.
  How to Use It: 
  In SAP's PSM-EC Expenditure Certification component, the financing source is entered when creating a new expenditure. This information is then used to track and report on the use of funds. The financing source can also be used to generate reports that compare different sources of funding.
  
  Tips & Tricks: 
  When entering the financing source in SAP's PSM-EC Expenditure Certification component, it is important to ensure that the correct source is selected. This will ensure that the correct information is tracked and reported on.
  
  Related Information: 
  The financing source is also used in other components of SAP, such as the Financial Accounting (FI) module. In this module, the financing source can be used to track and report on financial transactions.