Dear FICO/FM Experts,
We are manufacturing concern and working in SAP ECC 6.0 environment and have basic modules of SAP i.e. FICO, MM,SD, PP, PM, HCM, QM.
Now there is requirement from our Finance department that it wishes to maintain Budgets in the system and give their initial requirement in the form of Expense budget for different department which includes Finance, Credit control,Production, Sales, SAP expense budgets.
They want budget for each department and monitoring of actual expense with the assigned limits and as and if limits for each head i.e. salary cost or operating expenses cost is exceeded, system should give error and do not allow to create actual expense in the system
I have few queries in this regard that
Should we move through Cost Center Planning or Funds Management/Budget Control system for this requirement and why should we select one of the above two options means detailed logic for each option i.e. Cost center Planning or Funds management???
If i go to cost center planning option,will system give me error /intimation as and when actual expense is going to exceed the budget and complete step to step procedure of catering the requirement through cost center planning
If i choose to go through Funds management is it OK as we are already in live system and what are implications to ON FM/BCS during live system or what pre-cautions i should take to meet my requirement through this option??
Dear experts i am expecting a detailed comment on my concern so that i may b able to meet the requirement given by my Finance department
BR
Sajida