Friday, January 13, 2012

Commitment & Budget Carry Forward (PS & FM)

While I was on a short assignment, I was requested to prepare guidelines for Commitment and Budget Carry forward for Project Systems and Funds Management. So why not share it here as well.

The key difference that I found about budget carry forward between FM and PS is that, in FM, you have the ability to carry forward budget only relating to the commitment that you are carrying forward. In PS, this does not seem to be possible.

Integration with MM
With regards to Integration with MM, when a PR is created against a Fund Center or WBS/Network, it becomes a commitment in FM/PS. The same goes to PO. Only when you perform a Goods Receipt, it becomes Actual. This is because you have now officially taken ownership of the stocks and it is automatically consumed by the respective account assignments.

Please refer to the excel files below for the Steps on performing them, Business Process, and Simulation screenshots.

PS: https://docs.google.com/open?id=0BwIR0JYjJfRkZjNlMWJlNWYtMTIwNS00NmZlLThhZDctYTU0ZjBhNTVmMzNm

FM: https://docs.google.com/open?id=0BwIR0JYjJfRkMTZlODU2MGItM2VkNi00NWU2LWE3NDUtMGUzYzQ4MDUyNjUz

1 comment:

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