What is 'budget unit' in SAP PSM-FM - Funds Management?

budget unit - Overview

• Component: PSM-FM

• Component Name: Funds Management

• Description: An organizational unit in the state budget system that is authorized to spend or allocate the budget allocated to it each year.

budget unit - Details

• 
  Key Concepts: 
  A budget unit is a unit of organizational structure in SAP Funds Management (PSM-FM) that is used to manage and control the budget. It is a logical grouping of funds and activities that are related to each other. The budget unit is used to define the budget structure, assign budget amounts, and track actual spending. 
  
  How to use it: 
  In SAP Funds Management, the budget unit is used to define the budget structure and assign budget amounts. The budget unit can be used to group funds and activities that are related to each other, such as a department or project. The budget unit can also be used to track actual spending against the assigned budget amounts. 
  
  Tips & Tricks: 
  When creating a budget unit in SAP Funds Management, it is important to ensure that the budget unit is properly structured and that all related funds and activities are included. This will help ensure that the budget amounts are accurately tracked and reported. 
  
  Related Information: 
  For more information on using the budget unit in SAP Funds Management, please refer to the SAP Help documentation.