What is budget structure in SAP PSM-FM - Funds Management?

SAP Term: budget structure

• Component: PSM-FM

• Component Name: Funds Management

• Description: An object that represents all the funds centers and commitment items for which budget or postings have been posted in their entirety for each fund in hierarchy format. It is a tool for describing the fund, funds center and commitment item combinations from the whole hierarchy for which budget and postings can be entered, thus making budget allocation clearer.

Smart SAP Assistant

• Key Concepts: 
  Budget structure in SAP Funds Management (PSM-FM) is a hierarchical structure that defines the budgeting process. It is used to define the budgeting process and to control the budgeting process. It consists of budget elements, budget categories, and budget groups. Budget elements are the lowest level of the structure and are used to define the budgeting process. Budget categories are used to group budget elements into logical units and to control the budgeting process. Budget groups are used to group budget categories into logical units and to control the budgeting process. 
  
  How to use it: 
  The budget structure in SAP Funds Management (PSM-FM) is used to define the budgeting process and to control the budgeting process. To create a budget structure, first create a budget element, then create a budget category, and finally create a budget group. The budget element is used to define the budgeting process, while the budget category and group are used to group the elements into logical units and to control the budgeting process. 
  
  Tips & Tricks: 
  When creating a budget structure in SAP Funds Management (PSM-FM), it is important to ensure that all of the elements, categories, and groups are properly linked together. This will ensure that all of the elements are properly grouped together and that all of the information is properly organized. Additionally, it is important to ensure that all of the elements are properly labeled so that they can be easily identified when needed. 
  
  Related Information: 
  For more information on creating a budget structure in SAP Funds Management (PSM-FM), please refer to SAP’s official documentation on Funds Management. Additionally, there are many online resources available that provide detailed instructions on how to create a budget structure in SAP Funds Management (PSM-FM).