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Payment / commitment budget; Carryforward in FM

Former Member
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Hello all experts,

I am new to the FM module. Can someone help me out on the following two questions:

a. What is the difference between payment budget and commitment budget? In the grants management module, under company code settings, I have to select either a payment budget or commitment budget. When should i select payment and when commitment budget?

b. How does carry forward of funds work in the FM module? Can someone explain in simple terms, preferably with an example?

Thank you so much.

AJ

2 REPLIES 2

Former Member
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PLEASE!!! Can someone answer this?

Thank you,

Ajay

Former Member
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Hi,

it all depends on your update profile. Where you set which documents make impact on which budget.

For my current client we are using update profile 00350, so this update profile impacts as follows:

- purchase requisition reserves amounts in CB

- purchase order reserves amounts in CB

- purchase invoice uses amounts in CB and reserves amounts in PB

- advanced payment requisition reserves amounts in PB

- advanced payment uses amounts in PB

- payment uses amounts in PB

Commitment carryfoward if that carryforward your commitments into next fiscal year. There's transaction for that. There you select which commitments will carried forward, which won't.

BR,

Lauras