What is first-level budget unit in SAP PSM-FM - Funds Management?

SAP Term: first-level budget unit

• Component: PSM-FM

• Component Name: Funds Management

• Description: An organizational unit in the state budget system that receives the budget direct from the finance department at the same administrative level, and is responsible for allocating the budget to its associated organizations or government units. Note: If a first-level budget unit does not perform budget allocation, it is categorized as a primary budget unit.

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• Key Concepts: 
  A first-level budget unit is a type of organizational unit in SAP Funds Management (PSM-FM). It is the highest level of budgeting and is used to define the overall budget for an organization. It is typically used to define the total amount of money available for a particular purpose, such as a project or department. 
  
  How to use it: 
  First-level budget units are created in the Funds Management module of SAP. They are used to define the total amount of money available for a particular purpose. This amount can then be allocated to other budget units, such as second-level budget units, which can be used to further divide the funds into smaller amounts for specific purposes. 
  
  Tips & Tricks: 
  When creating a first-level budget unit, it is important to ensure that the total amount of money available is sufficient for the purpose it is intended for. It is also important to ensure that the budget unit is properly linked to other budget units, so that funds can be allocated correctly. 
  
  Related Information: 
  For more information on first-level budget units in SAP Funds Management, please refer to the official SAP documentation.