What is original budget in SAP PSM-FM - Funds Management?

SAP Term: original budget

• Component: PSM-FM

• Component Name: Funds Management

• Description: The budget at the time of the first approval. Budget not yet changed by correction measures supplements, returns, transfers.

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• Key Concepts: 
  Original budget is a term used in SAP Funds Management (PSM-FM) to refer to the budget that was initially approved for a project or activity. It is the amount of money that was allocated for the project or activity at the start of the fiscal year. 
  
  How to use it: 
  Original budget can be used to track the amount of money that was initially approved for a project or activity. This information can be used to compare actual spending against the original budget and identify any potential overspending. It can also be used to track changes in the budget over time. 
  
  Tips & Tricks: 
  When tracking changes in the original budget, it is important to note that any changes made after the start of the fiscal year will not be reflected in the original budget. Therefore, it is important to keep track of any changes made after the start of the fiscal year in order to accurately compare actual spending against the original budget. 
  
  Related Information: 
  Original budget is closely related to other terms such as current budget, revised budget, and actual spending. Current budget refers to the amount of money that is currently allocated for a project or activity, while revised budget refers to any changes made after the start of the fiscal year. Actual spending refers to the amount of money that has been spent on a project or activity.