How to use FMV1 - Create Forecast of Revenue

SAP Transaction Code - Details

• Transaction Code: FMV1

  Description: Create Forecast of Revenue

  Release: S/4HANA and ECC 6

• • Program: SAPLFMFR

    Screen: 500

    Authorization Object:

  • Development Package: FMRE

    Package Description: Earmarked funds

    Parent Package: APPL

  • Module/Component: FI-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: FMV1 - Create Forecast of Revenue

   and Expenditure
  
  Overview:
  The SAP transaction code FMV1 is used to create a forecast of revenue and expenditure. This transaction code is used to plan and manage the budget of an organization. It helps to identify potential risks and opportunities, and to make informed decisions about the future of the organization. 
  
  Functionality: 
  FMV1 enables users to create a forecast of revenue and expenditure for a given period of time. It allows users to enter data such as budgeted amounts, actual amounts, and expected amounts for each period. The data can then be used to generate reports that provide insights into the financial performance of the organization. 
  
  Step-by-step How to Use: 
  To use FMV1, users must first enter the budgeted amounts for each period in the “Budget” tab. Then, they must enter the actual amounts in the “Actual” tab. Finally, they must enter the expected amounts in the “Forecast” tab. Once all of the data has been entered, users can generate reports that provide insights into the financial performance of the organization. 
  
  Other Recommendations: 
  It is recommended that users regularly review their forecasts and adjust them as needed. Additionally, users should ensure that their forecasts are accurate by comparing them to actual results on a regular basis. Finally, users should use FMV1 in conjunction with other SAP transaction codes such as FMAV2 (Create Forecast of Revenue and Expenditure Variance) and FMAV3 (Create Forecast of Revenue and Expenditure Variance Report) to gain a more comprehensive view of their financial performance.