What is revenue-based expenditure in SAP PSM-FM-BCS - Budget Control System?

SAP Term: revenue-based expenditure

• Component: PSM-FM-BCS

• Component Name: Budget Control System

• Description: A type of expenditure control in public sector organizations. FM operations for FM commitments/actuals that consume expenditure budget are checked against FM operations for FM commitments/actuals that consume revenue budget. This enables a linking of revenues to expenditures and thus ensures a balanced budget.

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• Key Concepts: 
   Revenue-based expenditure is a type of budgeting in the SAP Budget Control System (PSM-FM-BCS) that allows for budgeting based on expected revenue. This type of budgeting allows for more accurate forecasting and planning, as it takes into account the expected revenue from a given period. 
  
  How to use it: 
   Revenue-based expenditure can be used in the SAP Budget Control System (PSM-FM-BCS) to create budgets based on expected revenue. This type of budgeting allows for more accurate forecasting and planning, as it takes into account the expected revenue from a given period. To use this type of budgeting, users must first enter their expected revenue into the system. Once this is done, they can then create budgets based on this expected revenue. 
  
  Tips & Tricks: 
   When creating budgets based on expected revenue, it is important to remember to factor in any potential changes in the market or other external factors that could affect the expected revenue. Additionally, it is important to regularly review and update the budget to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
   For more information on using the SAP Budget Control System (PSM-FM-BCS), please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this system effectively.