What is agreement amount in SAP PSM-GM - Grants Management?

SAP Term: agreement amount

• Component: PSM-GM

• Component Name: Grants Management

• Description: Value of the grant as specified in the grantor agreement. This amount is copied from the approved grant amount authorized of the grantor application.

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• Key Concepts: 
  Agreement amount is a term used in SAP PSM-GM Grants Management. It is the total amount of money that is agreed upon between two parties for a specific purpose. This amount is usually specified in the agreement document and is used to track the total amount of money that has been allocated for a particular project or activity. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, the agreement amount is used to track the total amount of money that has been allocated for a particular project or activity. This amount can be entered into the system when creating an agreement document. Once the agreement document is created, the agreement amount will be visible in the system and can be used to track the progress of the project or activity. 
  
  Tips & Tricks: 
  It is important to ensure that the agreement amount entered into SAP PSM-GM Grants Management matches the amount specified in the agreement document. This will ensure that all funds are tracked accurately and that any discrepancies can be identified quickly. 
  
  Related Information: 
  The agreement amount is just one of many terms used in SAP PSM-GM Grants Management. Other terms include grantee, grantor, and grant period. Understanding these terms and how they are used in SAP PSM-GM Grants Management will help ensure that all funds are tracked accurately and that any discrepancies can be identified quickly.