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    Budget Exceed Issues

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    Ehtesham ul Haq
    The document discusses a mechanism to resolve budget exceed issues in SAP FM. It notes that the financial accounting department often requests deactivating budget controls when an exceed error occurs. It recommends identifying relevant cost centers, having them estimate budgets for general ledger accounts, and deactivating checks for 2016 until the issue is fixed. It also recommends advising departments to post bank charges to a specific account instead of another account.

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    Budget Exceed Issues

    Uploaded by

    Ehtesham ul Haq
    7 views1 page
    The document discusses a mechanism to resolve budget exceed issues in SAP FM. It notes that the financial accounting department often requests deactivating budget controls when an exceed error occurs. It recommends identifying relevant cost centers, having them estimate budgets for general ledger accounts, and deactivating checks for 2016 until the issue is fixed. It also recommends advising departments to post bank charges to a specific account instead of another account.

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    The document discusses a mechanism to resolve budget exceed issues in SAP FM. It notes that the financial accounting department often requests deactivating budget controls when an exceed error occurs. It recommends identifying relevant cost centers, having them estimate budgets for general ledger accounts, and deactivating checks for 2016 until the issue is fixed. It also recommends advising departments to post bank charges to a specific account instead of another account.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    7 views1 page

    Budget Exceed Issues

    Uploaded by

    Ehtesham ul Haq
    The document discusses a mechanism to resolve budget exceed issues in SAP FM. It notes that the financial accounting department often requests deactivating budget controls when an exceed error occurs. It recommends identifying relevant cost centers, having them estimate budgets for general ledger accounts, and deactivating checks for 2016 until the issue is fixed. It also recommends advising departments to post bank charges to a specific account instead of another account.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Mechanism to resolve Budget Issues

    Issue - Mechanism to resolve Budget Exceed Issues


    Quite frequently, requests are raised by Financial Accounting department to deactivate Budget Controls
    in SAP FM whenever a budget exceed error is encountered.

    Recommendations
     For future, the relevant CCs need to be identified.
     These CCs need to start making estimates for Budget under these GL accounts so proper
    budgets can be allocated to these GL accounts.
     For 2016, budget check on these accounts may be deactivated to facilitate postings until the
    issue is fixed accordingly.
     All the DFOs are to be advised through a circular to post bank charges in account 5814100
    instead of account 5099900.

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