term expenditure certified what is
Meaning of certified expenditure. What is it: particular financing source and time slice.

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Definition certified expenditure

CERTIFIED EXPENDITURE title: certified expenditure (PSM-EC) (SAP Library - Glossary)
CERTIFIED EXPENDITURE category: Expenditure Certification (PSM-EC)
CERTIFIED EXPENDITURE explained:

The sum of all expenditure documents assigned to a particular financing source and time slice, representing the line items that are actually certified during a certification run.

After manual processing of the list of eligible certified expenditures, only the line items remain in the list that will form part of the actual certification run, that is, that will ultimately be certified (that is, the "certified total contribution").

When the certified expenditures have reached the expenditure ceiling, no further documents can be assigned to the financing source/time slice, since enough funding was certified for the maximum contribution from the sponsor. The sum of expenditures is subsequently submitted to the sponsor for approval.

More terms such as certified expenditure in Dictionary C.

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