What is 'expense/revenue' in SAP PSM-FIO - Fiori UI for Public Sector Management?

expense/revenue - Overview

• Component: PSM-FIO

• Component Name: Fiori UI for Public Sector Management

• Description: Classifies a G/L account for usage in funds management.

expense/revenue - Details

• 
  Key Concepts: 
  Expense/Revenue is a component of the Public Sector Management (PSM-FIO) Fiori UI. It is used to manage the financial transactions of a public sector organization, such as budgeting, tracking expenses and revenues, and managing accounts receivable and payable.
  
  How to use it: 
  The Expense/Revenue component of the PSM-FIO Fiori UI allows users to create and manage budgets, track expenses and revenues, and manage accounts receivable and payable. It also provides users with an overview of their financial transactions, allowing them to make informed decisions about their finances.
  
  Tips & Tricks: 
  When using the Expense/Revenue component of the PSM-FIO Fiori UI, it is important to keep track of all financial transactions in order to ensure accuracy. Additionally, users should take advantage of the reporting features available in the component in order to gain insights into their financial performance.
  
  Related Information: 
  The Expense/Revenue component of the PSM-FIO Fiori UI is part of a larger suite of tools designed for public sector organizations. Other components include Budgeting & Planning, Procurement & Contract Management, and Financial Reporting & Analysis.