What is 'cover eligibility' in SAP PSM-FM-BCS - Budget Control System?

cover eligibility - Overview

• Component: PSM-FM-BCS

• Component Name: Budget Control System

• Description: A function in the that makes it possible to determine which expenditure account assignments budget addresses can be used to cover the expenditures of other account assignments. These account assignments are grouped together and customized to form "cover eligibility rules". There are the following possibilities: Unilateral cover eligibility: for this, the individual roles of "sender" and "receiver" are defined for cover groups. Reciprocal cover eligibility: this involves the role of "sender AND receiver".

cover eligibility - Details

• 
  Key Concepts: 
  Cover eligibility is a feature of the Budget Control System (BCS) component of SAP's Public Sector Management (PSM) module. It allows users to define the criteria for which a budget can be used to cover a certain expense. This helps to ensure that the budget is used in an efficient and effective manner. 
  
  How to use it: 
  To use cover eligibility, users must first define the criteria for which a budget can be used to cover an expense. This can include factors such as the type of expense, the amount of money available, and any other relevant criteria. Once these criteria have been defined, users can then assign a budget to an expense based on these criteria. 
  
  Tips & Tricks: 
  When setting up cover eligibility, it is important to ensure that the criteria are as specific as possible. This will help to ensure that the budget is used in an efficient and effective manner. Additionally, it is important to regularly review and update the criteria as needed in order to keep up with changing needs and requirements. 
  
  Related Information: 
  For more information on cover eligibility and how it works in SAP's Public Sector Management module, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide further information and guidance on how to use this feature