What is 'multi-annual document' in SAP PSM-FM - Funds Management?

multi-annual document - Overview

• Component: PSM-FM

• Component Name: Funds Management

• Description: An earmarked funds document which is posted in the current fiscal year but which has an impact on future fiscal years. A multi-annual document is used to reserve funds, for example, for a multi-year project. Although a multi-year project is executed over several years, the earmarked funds line items are managed on a yearly basis.

multi-annual document - Details

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  Key Concepts: 
  A multi-annual document is a type of document used in SAP Funds Management (PSM-FM) to plan and manage the budget for a period of multiple years. It allows users to plan and manage their budget over a longer period of time, rather than just one year. The multi-annual document can be used to plan and manage the budget for up to five years.
  
  How to use it: 
  To create a multi-annual document, users must first create a budget plan for the first year. This budget plan will serve as the basis for the multi-annual document. Once the budget plan is created, users can then create a multi-annual document by selecting the “Create Multi-Annual Document” option from the menu. This will open up a window where users can enter the details of their budget plan for each year. Once all of the details are entered, users can save the multi-annual document and use it to manage their budget over multiple years.
  
  Tips & Tricks: 
  When creating a multi-annual document, it is important to make sure that all of the details are accurate and up-to-date. This will ensure that the budget plan is accurate and that it reflects any changes that may have occurred over time. Additionally, it is important to review the multi-annual document regularly to ensure that it is still accurate and up-to-date.
  
  Related Information: 
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