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

SAP Term: budget type

• Component: PSM-FM-BU

• Component Name: Budgeting and Availability Control

• Description: A subdivision of the budget categories which helps to recognize the origin of the budget. &EXAMPLE& Original budget Supplements Returns Transfers Releases

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• Key Concepts: 
  Budget type is a classification of budget that is used to differentiate between different types of budgeting in SAP. It is used to define the purpose of the budget, such as for planning, controlling, or forecasting. It also helps to determine the availability of funds and the type of budgeting that can be used. 
  
  How to use it: 
  In SAP, budget types are used to define the purpose of a budget and the type of budgeting that can be used. When creating a budget, users must select a budget type from the list of available options. The budget type will determine the availability of funds and the type of budgeting that can be used. 
  
  Tips & Tricks: 
  When selecting a budget type, it is important to consider the purpose of the budget and the type of budgeting that will be used. Different types of budgets may have different availability of funds and different types of budgeting. 
  
  Related Information: 
  The SAP component PSM-FM-BU Budgeting and Availability Control provides users with tools to manage budgets and availability control. This component includes features such as creating budgets, setting up budget types, and managing availability control.