What is subject to cover in SAP PSM-FM - Funds Management?

SAP Term: subject to cover

• Component: PSM-FM

• Component Name: Funds Management

• Description: A budget address or account assignment that provides other account assigments with consumable budget. If a budget address is subject to cover, it must consume its own available funds to pay for expenses of other account assignments in the context of cover eligibility.

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• Key Concepts:
  Subject to Cover is a feature in SAP Funds Management (PSM-FM) that allows users to set up a budget for a particular project or activity. This budget is then used to track the actual costs incurred against the budgeted amount. It also allows users to monitor the progress of the project or activity and make adjustments as needed.
  
  How to Use It:
  Subject to Cover can be set up in SAP Funds Management by creating a budget plan and assigning it to the project or activity. The budget plan will include the budgeted amount, as well as any other parameters that need to be tracked. Once the budget plan is created, it can be used to track actual costs against the budgeted amount.
  
  Tips & Tricks:
  When setting up Subject to Cover in SAP Funds Management, it is important to ensure that all of the necessary parameters are included in the budget plan. This will ensure that all of the relevant information is tracked and that any adjustments can be made quickly and easily. Additionally, it is important to regularly review the progress of the project or activity and make any necessary adjustments.
  
  Related Information:
  For more information on setting up Subject to Cover in SAP Funds Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.