What is multi-level budget structure in SAP PSM-FM - Funds Management?

SAP Term: multi-level budget structure

• Component: PSM-FM

• Component Name: Funds Management

• Description: The multi-level budget structure is a hierarchy that enables users to establish and validate control relationships in budgeting, and define how the resulting budget data appears in reporting.

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• Key Concepts: 
  Multi-level budget structure is a feature of SAP Funds Management (PSM-FM) that allows users to create a hierarchical budget structure with multiple levels. This structure can be used to define the budget for a particular project or activity, and can be used to track and monitor the budget throughout the project. 
  
  How to use it: 
  To use the multi-level budget structure, users must first create a budget plan in SAP Funds Management. This plan will define the overall budget for the project or activity, as well as any sub-budgets that may be necessary. Once the plan is created, users can then create a multi-level budget structure within the plan. This structure will define the various levels of the budget, such as top-level, mid-level, and bottom-level budgets. 
  
  Tips & Tricks: 
  When creating a multi-level budget structure, it is important to ensure that each level of the budget is properly defined and allocated. This will help ensure that all funds are properly tracked and monitored throughout the project. Additionally, it is important to ensure that all levels of the budget are properly linked together so that changes in one level will be reflected in all other levels. 
  
  Related Information: 
  For more information on multi-level budget structures in SAP Funds Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this feature.