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Change of Budgeting process

Hi:

I have a client wherein i implemented FM two years ago. They are doing budgeting based on a combination of Fund, Fund center and commitment items, Funded program is also used in some cases. Client posts budget for the year. Now there is a requirement from client , client wants to post and report for budget on quarterly basis i-e every quarter is a budget period , they also want to carry forward any residual budget to the next quarter.  I can think of introducing FM account assignment Budget Period but i do not know the pros and cons of doing so in the live environment. Client needs this change to be implemented on fiscal year start. I need to know is it feasible to do so . What can be the unforeseen complications ? Please comments.

Regards

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2 Answers

  • Best Answer
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    Former Member
    Dec 30, 2014 at 11:16 AM

    The above will be a good one,
    or else,

    Create a period based budgeting Report painter report, with 4FM library with the help of a set create quarters,
    now open budget periods in tcode FMOPER,

    while budget posting respective periods should be selected.
    After a Quarter end, the left over budget can be transferred to next period.

    However, budget check will be done at the availability of funds on a year level basis, not on a quarter budget basis.

    TSK

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    • Former Member Atif Farooq

      Atif,

      You can make the Budget Period QUARTER_1 valid 01.01.1900 to 31.12.9999 and then derive it when posting date is 01.01.2014 TO 31.03.2014. This way you do not have to create a new budget period each year. You do have to carry forward the remaining budget in the budget period at the end of each quarter.

      Thanks

      Shyam

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    Former Member
    Dec 29, 2014 at 03:48 PM

    Atif,

    This should be feasible. You will need to:

    1. Activate Budget Period and create a rule for assigning budget period.

    2. Reassign all existing open documents to a budget period using the reassignment program and strategy

    3. Enter budget by budget period for the new year

    Please also read http://help.sap.com/erp2005_ehp_05/helpdata/en/53/eddbcd3f014dddbf0ad1377c192e9e/content.htm?frameset=/en/ab/01a2332ece40c8a0e3bc6dcc4b19ba/frameset.htm&current_toc=/en/b8/f2cc53a8b77214e10000000a174cb4/plain.htm&node_id=53&show_children=false


    Thanks

    Shyam

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    • And also how will FMDERIVATION look like. Do i need to add posting date in the source fields to derive the corresponding budget period along with fund , fund center and commitment item ?