What is 'transfer' in SAP PSM-FM - Funds Management?

transfer - Overview

• Component: PSM-FM

• Component Name: Funds Management

• Description: The correction of the originally planned budget that is, original budget by a regrouping of budget estimates. In doing so, budget is transferred from a funds center that has more than enough funds to another funds center where funds are running short.

transfer - Details

• 
  Key Concepts: 
  Transfer in SAP Funds Management (PSM-FM) is the process of moving funds from one account to another. This can be done within the same fund or between different funds. The transfer process is used to move funds from one account to another in order to meet budget requirements or to adjust the budget. 
  
  How to use it: 
  In order to transfer funds, the user must first create a transfer document. This document will contain the source and target accounts, as well as the amount of funds to be transferred. Once the document is created, it must be approved by an authorized user before it can be processed. Once approved, the transfer will be executed and the funds will be moved from one account to another. 
  
  Tips & Tricks: 
  When creating a transfer document, it is important to ensure that all of the information is accurate and up-to-date. This includes the source and target accounts, as well as the amount of funds to be transferred. Additionally, it is important to ensure that the user has the necessary authorization to approve and execute the transfer. 
  
  Related Information: 
  For more information on transferring funds in SAP Funds Management (PSM-FM), please refer to SAP Help documentation or contact your local SAP support team.