Organizational unit within an FM area which represents the structure of an organization (areas of responsibility, departments, projects) in the form of a hierarchy.

You can assign budget to funds centers in Funds Management. Budget is used up as postings are made to funds centers with commitment and actual values. Budget is even consumed in Funds management through a reservation of funds or by business transactions entered in the feeder systems of Funds Management (such as financial accounting, materials management).

The funds center master record contains important information, including:

• Name and description of the funds center
• Superior funds center
• Funds center manager
  It is the funds center manager who, in certain situations (such as in active availability control), receives messages generated by the system.
• Fund

For posting data from the feeder systems to be updated in Funds Management, you must always specify a complete Funds Management account assignment (funds center, commitment item, and, if required, fund) in the posting transaction. You can keep manual input work to a minimum using the link to the basic data. The system derives the FM account assignment from the link.

• Define a fund in the funds center master record
  Using this link, the fund is automatically defaulted by the system in posting transactions.
• Define a funds center in a commitment item
  In the posting transaction, the system derives the funds center from the commitment item and proposes it as a default value.

• Assignment of a funds center to a CO account assignment (cost center, WBS element, order, profit center)
  In the posting transaction, the system derives the funds center from the CO account assignment.
• Assignment of a funds center to HR master record