Cash Budget Management for Projects
Description
Cash Budget Management for projects is implemented in Release 3.0. Cash Budget Management records business transactions for the project from a payment point of view. The data is recorded on the basis of commitment items.
Functionality
- Cash Budget Management objects
- WBS elements
- Networks (header-assigned)
- Network activities (activitiy-assigned)
- Orders
- Business transactions on the credit side
- Purchase orders
- Down payment requests
- Down payments
- Invoice receipts
- Down payment transfers
- Payments
- Business transactions on the debit side
- Down payment requests
- Down payments
- Invoice receipts
- Down payment transfers
- Payments
- Financial budgeting
Commitment items can be planned for each WBS element. A
revenue/expenditure plan can then be created from the payment point of
view.
- Update the financial budget from the billing schedule
In Release 3.0, you can determine for a
combination of
- document category (quotation, order, and so on)
- sales document type (standard order, third-party order, and so on)
- controlling area and
- system status,
whether the billing data in a sales order (for
example, billing schedule) is to update the financial budget of an assigned
WBS element.
- Project Information System
Funds reporting is exclusively from the project
point of view. The reports are:
- Totals record report, on the basis of commitment item and period using interactive drill-down reporting (EIS technology)
- Flexible line-item report, similar to actual/commitment line-item reports
- Interest calculation
For the project, an account balance interest
calculation (actual) is carried out, which is accurate to the day. The account
balance is created on the basis of payment documents, down payment documents
and internal activity documents.
The FI G/L account interest calculation method
is used for the interest calculation.
The project interest calculation is
characterized by:
- determination of interest rates using FI interest indicators
- includes of value dates in the past
Value dates in the past are items that are
posted to a period for which interest has already been calculated
- inclusion of interest rate changes
Example: In period 3, an interest rate of 6%
applies until the 13th, and after that, an interest rate of 8% applies.
- various calendars can be selected
- interest calculation and interest posting for each account assignment object
- interest updated in the form of an accounting document
- specification of the posting accounts via FI account assignment
- optional calculation of compound interest
- user exits for the document selection
- different interest rates possible for cost element groups or commitment item groups
Change system parameters in customizing
- Activate cash budget management
You activate Cash Budget Management for projects
in the Project System implementation guide.
Additional information
- Create commitment items
You create commitment items in the Project
System implementation guide.
Additional information
- Define financial budget profile
You determine the parameters for financial
budgeting in the financial budget profile.
- Update financial budget from the billing schedule
In the Project System implementation guide, you
can determine whether the financial budget is to be updated from the billing
schedule of an assigned quotation/sales order.
Additional information
- Define interest calculation
In the Project System implementation guide, you
define the parameters for the interest calculation on financial data.
Additional information