term budget help what is
Meaning of budget ID. What is it: Management (FM) that is mapped using the master data object fund.

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Definition budget ID

BUDGET ID title: budget ID (PSM-FM) (SAP Library - Glossary)
BUDGET ID category: Funds Management (PSM-FM)
BUDGET ID explained:

Subdivision of an account assignment element in Funds Management (FM) that is mapped using the master data object "fund" and allows multi-year budget planning.

The budget ID can be maintained as a substring in the key of the fund and thereby describes the FM account assignments of the relevant budget.

The general conditions for budget planning and execution can be controlled using the following elements:

by using a validity date for the fund with budgeting status management by selectively opening/closing posting periods Example

For budget 2005, funds 11111 and 22222 receive budget IDs 11111-2004 and 22222-2004.

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