What is billing request amount in SAP PSM-GM - Grants Management?

SAP Term: billing request amount

• Component: PSM-GM

• Component Name: Grants Management

• Description: An requested amount to be billed, generated from the billing plan based on specific criteria.

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• Key Concepts: 
  Billing request amount is a term used in SAP PSM-GM Grants Management. It is the total amount of money requested by an organization for a particular grant or project. This amount is typically determined by the organization's budget and the scope of the project. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, the billing request amount is entered into the system when creating a new grant or project. This amount will be used to determine the total cost of the project and will be used to generate invoices for payment. 
  
  Tips & Tricks: 
  When entering the billing request amount, it is important to ensure that it accurately reflects the total cost of the project. This will help to ensure that all costs are accounted for and that invoices are generated correctly. 
  
  Related Information: 
  The billing request amount is just one of many terms used in SAP PSM-GM Grants Management. Other terms include grant budget, grant period, and grant status. Understanding these terms can help organizations better manage their grants and projects in SAP PSM-GM Grants Management.