The commitment item is created on SAP through transaction FMCIA.įor each commitment item, the user must inform its financial transaction. Depending on the company, different commitment items can be created.
The commitment item represents the expenditures or revenues like: payroll, taxes, hydraulic material, paint service and so on. Both they are the minimal account element required to make FM works properly. The commitment item allows the user to catalogue the company expenditures and revenues. This validity can be useful when the company change its internal structure. The fund center can also be created with validity limit. The fund center is created on SAP through transaction FMSA. This responsible will be notified via SAP workflow when the budget suffer any modification like: commitment, budget transfer, payment and so on. At the company where I work, we’ve created one fund center for each organization unit.įor each fund center, the SAP allows you designate a responsible for it. It’s used to mapping who is expending the budget or who is generating revenue. Fund Centerįund center is the most basic master data on FM. Below we’re going to explain all those dimensions and how they can be used. This component gives the user the capability to control company budget in several dimensions.
The first post we’re going to talk about master data.įM is the core component from SAP EA-PS module. My goal is write several articles about FM explaining how it works and its integration along other SAP modules.
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