What is consume earmarked funds in SAP PSM-FM - Funds Management?

SAP Term: consume earmarked funds

• Component: PSM-FM

• Component Name: Funds Management

• Description: An external earmarked fund can be consumed by several requests. If a request that has not been approved contains an item that is defined as the last item for an earmarked fund, you cannot continue to consume the earmarked fund document.

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• Key Concepts: 
  Consume earmarked funds is a term used in SAP Funds Management (PSM-FM). It refers to the process of using funds that have been allocated for a specific purpose. This process involves the transfer of funds from one account to another, and is used to ensure that the funds are used for their intended purpose. 
  
  How to use it: 
  In order to consume earmarked funds, the user must first allocate the funds to a specific account. This can be done by entering the amount of funds to be allocated and selecting the account to which they should be transferred. Once the funds have been allocated, they can then be consumed by transferring them from the allocated account to another account. 
  
  Tips & Tricks: 
  When consuming earmarked funds, it is important to ensure that the amount of funds being transferred is correct. Additionally, it is important to keep track of all transactions involving earmarked funds in order to ensure that they are being used for their intended purpose. 
  
  Related Information: 
  Consume earmarked funds is a term used in SAP Funds Management (PSM-FM). It is related to other terms such as allocate earmarked funds and transfer earmarked funds. Additionally, it is related to other concepts such as budgeting and financial planning.