What is 'checking horizon' in SAP PSM-FM-BCS - Budget Control System?

checking horizon - Overview

• Component: PSM-FM-BCS

• Component Name: Budget Control System

• Description: The period of time, which may cover several years, over which availability control AVC integrates or aggregates data for the funds check.

checking horizon - Details

• 
  Key Concepts: 
  Checking Horizon is a feature of the Budget Control System (BCS) component of SAP’s Project System Management (PSM) module. It is used to define the period of time in which budget checks are performed. The checking horizon can be set to a specific period of time, such as a month or a year, or it can be set to an open-ended period. 
  
  How to use it: 
  The checking horizon is set in the BCS configuration settings. Once the checking horizon is set, budget checks will be performed for all activities within that period. If an activity exceeds its budget, an alert will be triggered and the user will be notified. 
  
  Tips & Tricks: 
  It is important to set the checking horizon correctly in order to ensure that budget checks are performed accurately and on time. It is also important to keep in mind that the checking horizon can be changed at any time, so it is important to review and adjust it as needed. 
  
  Related Information: 
  For more information on setting up and using the Checking Horizon feature of BCS, please refer to SAP’s official documentation on the topic.