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

SAP Term: budget update

• Component: PSM-FM

• Component Name: Funds Management

• Description: A change made to the original budget in the form of a: Supplement Return Transfer

Smart SAP Assistant

• Key Concepts: 
  Budget Update is a process in SAP Funds Management (PSM-FM) that allows users to update their budget data in the system. This process is used to ensure that the budget data is up-to-date and accurate. It also allows users to make changes to their budget data without having to manually enter the changes. 
  
  How to use it: 
  To use the Budget Update process, users must first select the budget they wish to update. Once selected, they can then enter the new budget data into the system. The system will then compare the new data with the existing data and make any necessary changes. Once complete, users can save their changes and the budget will be updated in the system. 
  
  Tips & Tricks: 
  When using Budget Update, it is important to ensure that all of the data entered is accurate and up-to-date. This will help ensure that the budget is accurate and up-to-date in the system. Additionally, it is important to review any changes made before saving them, as this will help prevent any errors from occurring. 
  
  Related Information: 
  For more information on Budget Update, please refer to SAP's official documentation on Funds Management (PSM-FM). Additionally, there are many online resources available that provide detailed instructions on how to use this process in SAP.