Budget Posting
A budget posting is a transfer of a financial transaction to or from an accounting area; debit or credit.
You use budget posting transactions to manage your fund budget. Funds are containers for budgets that are used in funds management to supply the financial resources required, for example, for a trade promotion or marketing development fund (MDF) initiative. Each fund has a budget that you manage using budget postings.
You can use budget postings to move money into funds or between funds.
Structure
A budget posting has a header and a line items structure. The header contains information about the budget posting type, currency, reference, and status. You can also record notes that are specific for the budget posting.
Budget posting line items record the fund that is affected, the amount of the posting, and additional calculated values.
Integration
Budget postings are tightly integrated into the following funds management functions:
Approve budget postings
You can use an approval process to control budget posting transactions. Workflow functionality is used to notify the authorized user to approve budget postings.
Budget postings trigger the creation of a fund posting:
Once the budget posting is approved
Once a budget reduction is sent for approval (pending budget reduction)
Availability control (AVC)
AVC ensures that there is enough budget available in a fund to make a budget posting transaction, for example, a budget transfer.
To use budget transfers in marketing, you must activate the business function Funds Management for Marketing (CRM_MKT_FM
).