Cost Center Budget Planning
Cost center budgeting provides a further method of planning in addition to primary cost and secondary cost planning. This tool enables you to carry out a comparison between actual postings and plan budgets. You can thus determine when the budget is exceeded and carry out timely availability checks. You can create budgets
for a single cost center or
for cost centers of a cost center group
You can see the budget data in a budget report . The budget report compares plan data , commitment data, and actual data (resulting from actual postings) as well as the allotted and available amounts.
Before you can plan your budget, you must create a budget profile during Customizing for Cost Center Accounting. Alternatively, you may use an existing profile. You can change the following budget profile settings when you are planning your budget:
Budgeting time frame
Fiscal year or period values