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

expenditure budget - Overview

• Component: PSM-FM

• Component Name: Funds Management

• Description: A budget that is created for the expenditures of a public organization. The commitment item category of the commitment item is set to 'expenditures'. Some government agencies work with both revenue and expenditure budgets, whilst others only work with expenditure budgets.

expenditure budget - Details

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  Key Concepts: 
  Expenditure budget is a type of budget in SAP Funds Management (PSM-FM) that is used to plan and control the spending of funds. It is used to define the amount of money that can be spent on a particular project or activity. The expenditure budget is created by the budget administrator and is approved by the budget owner. 
  
  How to use it: 
  The expenditure budget can be used to plan and control the spending of funds. It can be used to define the amount of money that can be spent on a particular project or activity. The expenditure budget is created by the budget administrator and is approved by the budget owner. Once approved, the expenditure budget can be used to monitor and control spending. 
  
  Tips & Tricks: 
  When creating an expenditure budget, it is important to ensure that it accurately reflects the planned spending for a particular project or activity. It is also important to ensure that the budget is approved by the appropriate parties before it can be used. 
  
  Related Information: 
  The expenditure budget is closely related to other types of budgets in SAP Funds Management, such as revenue budgets and capital budgets. It is also related to other financial processes, such as cost accounting and financial reporting.