What is Budget Manager in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: Budget Manager

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: A tile in the SAP Business in Focus app that allows the mobile user to process budget queries.

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• Key Concepts: 
  Budget Manager is a component of the SAP SRD-FIN-COR FIN-Cost and Revenue Planning module. It is used to create and manage budgets for an organization. It allows users to define budget plans, assign budget amounts to different cost centers, and track budget performance. The Budget Manager also provides reporting capabilities to help users analyze budget performance. 
  
  How to use it: 
  To use the Budget Manager, users must first create a budget plan. This plan defines the parameters of the budget, such as the start and end dates, the cost centers to be included in the budget, and any other relevant information. Once the plan is created, users can assign budget amounts to each cost center. The Budget Manager then tracks the actual performance of each cost center against its assigned budget amount. 
  
  Tips & Tricks: 
  When creating a budget plan, it is important to ensure that all relevant information is included. This will help ensure that the budget is accurate and up-to-date. Additionally, it is important to regularly review the performance of each cost center against its assigned budget amount in order to identify any discrepancies or areas of improvement. 
  
  Related Information: 
  The Budget Manager component of SAP SRD-FIN-COR FIN-Cost and Revenue Planning can be used in conjunction with other components of this module, such as Cost Center Accounting and Profit Center Accounting. Additionally, it can be integrated with other SAP modules, such as Financial Accounting (FI) and Controlling (CO).