What is 'eligible amount' in SAP PSM-GM - Grants Management?

eligible amount - Overview

• Component: PSM-GM

• Component Name: Grants Management

• Description: The amount of money that is calculated based on program rules that may be available for a grant. This amount may or may not be ultimately authorized for dispersal, and as such is different from the authorized amount. A sum of money may be eligible for a grant, but due to budgetary reasons, only a specific portion of the eligible amount may be authorized, if for example there are budget cuts or the parameters of the grant program change.

eligible amount - Details

• 
  Key Concepts: 
  Eligible amount is a term used in SAP PSM-GM Grants Management to refer to the total amount of money that can be used for a particular grant. This amount is determined by the grantor and is based on the budget allocated for the grant. The eligible amount is the maximum amount that can be used for the grant and any additional funds must be approved by the grantor. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, the eligible amount is set when creating a new grant. This amount is then used to track the total amount of money that can be used for the grant. When creating a new budget line item, the eligible amount will be automatically updated to reflect any changes in the budget. 
  
  Tips & Tricks: 
  When setting an eligible amount for a grant, it is important to ensure that it accurately reflects the budget allocated for the grant. This will help ensure that all funds are properly tracked and accounted for. Additionally, it is important to regularly review and update the eligible amount as needed to ensure that it remains accurate. 
  
  Related Information: 
  For more information on SAP PSM-GM Grants Management, please refer to SAP’s official documentation at https://help.sap.com/viewer/product/PSM_GM/1.0/en-US.