What is carryover in SAP PSM-FM-BCS - Budget Control System?

SAP Term: carryover

• Component: PSM-FM-BCS

• Component Name: Budget Control System

• Description: Process which carries over budget data of a fiscal year to another fiscal year. A special case of this carryover process is the budget carryforward into the following year.

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• Key Concepts: 
  Carryover is a feature of the Budget Control System (BCS) component of SAP’s Project System Management (PSM) module. It allows users to transfer budget amounts from one period to another, allowing them to manage their budget more effectively. This feature is especially useful for projects that span multiple periods, as it allows users to adjust their budget allocations as needed. 
  
  How to use it: 
  To use the carryover feature, users must first set up a budget plan in the BCS component of PSM. This plan should include the budget amounts for each period, as well as any carryover amounts that need to be transferred. Once the plan is set up, users can then transfer budget amounts from one period to another by entering the carryover amount in the appropriate field. 
  
  Tips & Tricks: 
  When setting up a budget plan with carryover, it is important to ensure that the total amount of budget allocated for each period does not exceed the total amount available. Additionally, it is important to keep track of any carryover amounts that have been transferred, as this can help users better manage their budget allocations. 
  
  Related Information: 
  For more information on using the carryover feature in SAP’s PSM module, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.