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

SAP Term: budget object

• Component: PSM-FM-BU

• Component Name: Budgeting and Availability Control

• Description: An element of the budget structure. It consists of a combination of fund, funds center, and commitment item. Budget amounts can be assigned to this combination.

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• Key Concepts: 
  A budget object is a component of the SAP Budgeting and Availability Control (PSM-FM-BU) module. It is used to define the budget for a particular cost center or organizational unit. The budget object contains information about the budgeted amount, the period of validity, and the budget type. It also contains information about the budget holder and the budget owner. 
  
  How to use it: 
  The budget object is used to define the budget for a particular cost center or organizational unit. The budget object contains information about the budgeted amount, the period of validity, and the budget type. It also contains information about the budget holder and the budget owner. The budget object can be used to monitor and control spending within an organization. 
  
  Tips & Tricks: 
  When creating a budget object, it is important to ensure that all relevant information is included in order to accurately track spending. Additionally, it is important to ensure that all changes to the budget are properly documented in order to maintain an accurate record of spending. 
  
  Related Information: 
  For more information on SAP Budgeting and Availability Control (PSM-FM-BU), please refer to SAP's official documentation at https://help.sap.com/viewer/product/SAP_PSM_FM_BU/latest/en-US.