What is extra-budgetary in SAP (PSM-FM - Funds Management)?

SAP Term: extra-budgetary

• Component: PSM-FM

• Component Name: Funds Management

• Description: Any fund receivable or payment that is not controlled by the centralized system for state budget management.

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• Key Concepts: 
  Extra-budgetary funds are funds that are not part of the regular budget of an organization. These funds are typically used for special projects or activities that are outside the scope of the regular budget. In SAP Funds Management, extra-budgetary funds are managed separately from the regular budget and can be tracked and monitored separately. 
  
  How to use it: 
  In SAP Funds Management, extra-budgetary funds can be managed in a separate budget plan. This allows for more detailed tracking and monitoring of the funds. The budget plan can be used to track the amount of money allocated to each project or activity, as well as the amount of money spent on each project or activity. 
  
  Tips & Tricks: 
  When managing extra-budgetary funds in SAP Funds Management, it is important to ensure that all transactions related to the extra-budgetary funds are properly recorded and tracked. This will help ensure that all funds are accounted for and that there is no misuse of the funds. 
  
  Related Information: 
  For more information on managing extra-budgetary funds in SAP Funds Management, please refer to the SAP Help Portal.