Hello Guys,
I am using Budget period for the first time in FM-BCS implementation. I have activated PSM_GEN_BUDPER_1 and budget period has been set as mandatory in customizing both for budget entry and actual postings. I need some clarification on its use. In Dev i was using Fund , Fund center and commitment item prior to activation of Budget period. Fund master has been divided into three master data OPEX, CAPEX & REVENUE .
I have learned from saphelp.com that Budget period must be used in conjunction with Fund and hence it is assigned to the fund master as well in FM5U. My client has variable budget for every commitment item and fund center for every month of the year and hence 12 months for the year will have different budget for every commitment item. For budget period master data creation, am i required to create 12 Budget period master records e.g for January M1, February M2, March M3 and so on until M12 for December and assign these all budget period to my Funds master OPEX , CAPEX and REVENUE? Am i correct in using this approach or is there any better approach than the aforementioned. Your inputs will be really helpful .
Thanks
Atif