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

SAP Term: multi-annual document

• 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.

Smart SAP Assistant

• 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: 
  For more information on how to use SAP Funds Management (PSM-FM) and create a multi-annual document, please refer to SAP’s official documentation on Funds Management. Additionally, there are many online resources available that provide detailed tutorials on how to use SAP Funds Management and create a multi-annual document.