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

SAP Term: cleared amount

• Component: PSM-GM

• Component Name: Grants Management

• Description: The difference between the authorized amount and the recoverable amount of an advance. The cleared amount is the amount that has been offset against the advance.

Smart SAP Assistant

• Key Concepts: 
  Cleared amount is a term used in SAP PSM-GM Grants Management to refer to the amount of money that has been approved and released for a grant. It is the total amount of money that has been allocated for the grant and is available for use. 
  
  How to use it: 
  The cleared amount is used to track the total amount of money that has been approved and released for a grant. This information can be used to monitor the progress of the grant and ensure that all funds are being used appropriately. It can also be used to compare the total amount of money allocated for a grant with the actual amount spent on it. 
  
  Tips & Tricks: 
  It is important to keep track of the cleared amount for each grant in order to ensure that all funds are being used appropriately. It is also important to compare the cleared amount with the actual amount spent on the grant in order to ensure that all funds are being used efficiently. 
  
  Related Information: 
  The cleared amount is related to other terms such as budgeted amount, committed amount, and actual amount. The budgeted amount is the total amount of money allocated for a grant, while the committed amount is the total amount of money that has been approved and released for a grant. The actual amount is the total amount of money that has been spent on a grant.