What is indirect costs in SAP PSM-GM - Grants Management?

SAP Term: indirect costs

• Component: PSM-GM

• Component Name: Grants Management

• Description: Expenses that are administrative or supportive by nature and which, therefore, cannot be attributed directly to grant-related activities.

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• Key Concepts: 
  Indirect costs are those costs that are not directly related to the production of a product or service, but are necessary for the overall operation of a business. In the context of SAP PSM-GM Grants Management, indirect costs refer to the costs associated with running a grant program, such as administrative costs, overhead costs, and other non-direct costs. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, indirect costs can be tracked and managed in the system. This includes tracking and managing the budget for indirect costs, as well as tracking and managing the actual expenses incurred. This allows for better budgeting and cost control. 
  
  Tips & Tricks: 
  When tracking and managing indirect costs in SAP PSM-GM Grants Management, it is important to ensure that all relevant information is accurately captured. This includes details such as the type of cost, the amount spent, and any other relevant information. This will help ensure that all indirect costs are properly accounted for. 
  
  Related Information: 
  For more information on indirect costs in SAP PSM-GM Grants Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide further information on this topic.