What is 'commitment item category' in SAP PSM-FM - Funds Management?

commitment item category - Overview

• Component: PSM-FM

• Component Name: Funds Management

• Description: A control parameter in the commitment item master record. It is used in to differentiate between actual and commitment values, as well as between budget values for revenue and expenditure commitment items.

commitment item category - Details

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  Key Concepts: 
  Commitment item category is a feature of SAP Funds Management (PSM-FM) that allows users to classify and group commitment items according to their purpose. It is used to categorize and group commitment items in order to facilitate reporting and analysis. The categories are defined by the user and can be used to group commitment items into different categories such as capital expenditure, operating expenditure, etc.
  
  How to use it: 
  In order to use the commitment item category feature, users must first define the categories they wish to use. This can be done in the Funds Management module of SAP. Once the categories have been defined, users can assign commitment items to the appropriate category. This can be done by selecting the appropriate category from a drop-down list when creating or editing a commitment item.
  
  Tips & Tricks: 
  When defining commitment item categories, it is important to ensure that they are clearly defined and easy to understand. This will make it easier for users to assign commitment items to the correct category. Additionally, it is important to ensure that all relevant categories are included in order to ensure that all commitment items are properly categorized.
  
  Related Information: 
  For more information on how to use the commitment item category feature in SAP Funds Management, please refer to the SAP Help documentation. Additionally, there are many online resources available