What is net voting in SAP PSM - Public Sector Management?

SAP Term: net voting

• Component: PSM

• Component Name: Public Sector Management

• Description: Budgeting on the basis of balanced budget. The net vote of an FM account assignment is calculated as follows: total of budget of all assigned expenditures commitment items less the total of the budget of all assigned revenues commitment items. Revenues or expenditures commitment items are assigned to a balance commitment item, by entering the desired balance commitment item in the master record.

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• Key Concepts: 
  Net voting is a feature of SAP Public Sector Management (PSM) that allows users to cast votes electronically. It is a secure and efficient way to conduct elections and other voting processes. Net voting allows users to cast their votes from any location, eliminating the need for physical polling stations. 
  
  How to use it: 
  Net voting can be used for a variety of purposes, including elections, referendums, surveys, and other types of decision-making processes. To use net voting, users must first register with the system and create an account. Once registered, users can cast their votes electronically from any location with an internet connection. 
  
  Tips & Tricks: 
  When using net voting, it is important to ensure that the system is secure and that all votes are counted accurately. It is also important to ensure that all users have access to the system and are able to cast their votes without any issues. 
  
  Related Information: 
  Net voting is just one of the many features offered by SAP Public Sector Management (PSM). Other features include budgeting, financial management, procurement, and more. For more information about SAP PSM, please visit the official website.