What is reservation order in SAP PSM-FM - Funds Management?

SAP Term: reservation order

• Component: PSM-FM

• Component Name: Funds Management

• Description: Term used by the government of Qatar for a funds reservation document.

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• Key Concepts: 
  A reservation order is a document used in SAP Funds Management (PSM-FM) to reserve funds for a specific purpose. It is used to ensure that the necessary funds are available for a particular project or activity. The reservation order is created in the Funds Management module and is linked to a budget item. 
  
  How to use it: 
  To create a reservation order, you must first create a budget item in the Funds Management module. Once the budget item is created, you can then create a reservation order for that budget item. The reservation order will specify the amount of funds to be reserved and the purpose of the reservation. The reservation order must then be approved by an authorized user before it can be used. 
  
  Tips & Tricks: 
  When creating a reservation order, it is important to ensure that the amount of funds being reserved is sufficient for the purpose of the reservation. Additionally, it is important to ensure that the budget item associated with the reservation order has sufficient funds available for the amount being reserved. 
  
  Related Information: 
  For more information on creating and managing reservation orders in SAP Funds Management, please refer to SAP Help documentation. Additionally, there are several online tutorials available that provide step-by-step instructions on how to create and manage reservation orders in SAP Funds Management.