What is budget memo in SAP PSM-FM-BU - Budgeting and Availability Control?

SAP Term: budget memo

• Component: PSM-FM-BU

• Component Name: Budgeting and Availability Control

• Description: Budget memos define general rules for cover eligibility Cover groups Individual cover rules A budget memo contains restricting or enhancing regulations for positions and budget estimates that represent an additional budget-conform authorization for budget execution. Budget memos are maintained in Customizing. You can access variables for budget memos that contain account assignment elements for example.

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• Key Concepts: 
  A budget memo is a document used in SAP's Public Sector Management (PSM) component of Financial Management (FM) to record and track budget information. It is used to store budget data such as budget amounts, budget categories, and budget items. It also serves as a reference for budgeting and availability control. 
  
  How to use it: 
  To create a budget memo, go to the PSM-FM-BU Budgeting and Availability Control component in SAP. Select the “Create Budget Memo” option from the menu. Enter the required information such as the budget amount, budget category, and budget items. Once all the information is entered, click “Save” to create the budget memo. 
  
  Tips & Tricks: 
  When creating a budget memo, it is important to enter accurate information. This will ensure that the data is accurate and up-to-date. Additionally, it is important to review the budget memo regularly to ensure that all information is up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP's Public Sector Management (PSM) component of Financial Management (FM), please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this component of SAP.