What is carryforward level in SAP PSM-FM - Funds Management?

SAP Term: carryforward level

• Component: PSM-FM

• Component Name: Funds Management

• Description: Indicator of a document that is either set by inheritance between document chains or when the commitment carryforward of the document is set from the old into the new fiscal year. This means that within a document chain purchase requisition -> purchase order -> invoice the preceding document was not posted in the current fiscal year.

Smart SAP Assistant

• Key Concepts: 
  Carryforward level is a feature in SAP Funds Management (PSM-FM) that allows users to carry forward budget amounts from one fiscal year to the next. This feature is used to ensure that budget amounts are not lost when transitioning from one fiscal year to the next. 
  
  How to use it: 
  To use the carryforward level feature, users must first define the carryforward level in the Funds Management configuration. This is done by setting the carryforward level in the Funds Management configuration. Once this is done, users can then carry forward budget amounts from one fiscal year to the next. 
  
  Tips & Tricks: 
  When using the carryforward level feature, it is important to remember that only budget amounts that have been approved can be carried forward. Additionally, it is important to note that only budget amounts that have not been used in the current fiscal year can be carried forward. 
  
  Related Information: 
  For more information on how to use the carryforward level feature in SAP Funds Management, please refer to SAP Help documentation. Additionally, there are several online tutorials and videos available that provide step-by-step instructions on how to use this feature.