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Budgeting in Funds Management is based on three budgeting models.

The models show the effects of the individual business transactions on budget assignments. Specific configurations of these budgeting models are delivered in the standard system in the form of update profiles. For each FM area, you must define an update profile which controls budget assignments. Possible control options include:

  • Period/fiscal year determination

  • Payment budget and/or Commitment budget

  • Time the document is created in Funds Management

  • Commitment carryforward and budget carryforward for the fiscal year change

See also:

Budgeting Model 1

Budgeting Model 2

Budgeting Model 3

Update Profiles