What is surplus budget in SAP PSM - Public Sector Management?

SAP Term: surplus budget

• Component: PSM

• Component Name: Public Sector Management

• Description: Negative net vote, which means that the total of the revenues budget is larger than the total of the expenditures budget.

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• Key Concepts: 
  Surplus budget is a term used in SAP Public Sector Management (PSM) to refer to the amount of money that is left over after all expenses have been paid. It is the difference between the total budget and the actual expenditures. The surplus budget can be used to fund additional projects or to pay down debt.
  
  How to use it: 
  In SAP PSM, the surplus budget can be used to fund additional projects or to pay down debt. It can also be used to increase the budget for existing projects or to allocate funds for new initiatives. The surplus budget can be tracked and monitored in the system, allowing users to make informed decisions about how best to use the funds.
  
  Tips & Tricks: 
  When using the surplus budget, it is important to ensure that all expenses are accurately tracked and accounted for. This will help ensure that the surplus budget is being used in an effective and efficient manner. Additionally, it is important to consider how best to allocate the funds in order to maximize their impact.
  
  Related Information: 
  The surplus budget is closely related to other financial concepts such as budgeting, forecasting, and cost control. Understanding these concepts can help users make better decisions about how best to use the surplus budget. Additionally, understanding how SAP PSM works can help users better manage their finances and ensure that they are making the most of their resources.