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

SAP Term: financing source type

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: A classification of individual financing sources used in the certification of expenditures for the public sector. The financing source type usually represents the sponsor's rules, which are valid for a particular kind of funding. The sponsor is stored using the business partner name in Customizing. Example: European Structural Fund.

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• Key Concepts: 
  Financing source type is a component of the SAP PSM-EC Expenditure Certification module. It is used to define the source of funds for a particular expenditure item. This could be a loan, grant, or other type of funding. It is important to define the financing source type in order to ensure that the expenditure is properly accounted for and tracked.
  
  How to use it: 
  In order to use the financing source type component of the SAP PSM-EC Expenditure Certification module, you must first create a new financing source type. This can be done by navigating to the “Financing Source Type” tab in the SAP PSM-EC Expenditure Certification module and selecting “Create New Financing Source Type”. From there, you will be prompted to enter information about the financing source type, such as its name, description, and other relevant details. Once this information has been entered, you can save the new financing source type and it will be available for use in your SAP system.
  
  Tips & Tricks: 
  When creating a new financing source type in SAP PSM-EC Expenditure Certification, it is important to ensure that all relevant information is entered accurately and completely. This will help ensure that the expenditure item is properly accounted for and tracked. Additionally, it is important to keep track of all financing source types that have been created in order to avoid duplication or confusion when entering expenditure items into the system.
  
  Related Information: 
  For more information on how to use the financing source type component of SAP PSM-EC Expenditure Certification, please refer to the official SAP documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use this component of SAP PSM-EC Expenditure Certification.