Since 1995 Eli Klovski has worked for private and public sectors in several EMEA countries, providing SAP ERP solutions in accounting, controlling, materials management, funds management, and project management for full-cycle implementations, roll-outs, business flow coordination, and data migration projects. Other IT ventures included BI implementations, data mining, and development of end-user applications.

He has a strong academic and practical background in finance and economics. Apart from IT projects, his activities have been focused on performing financial analysis, costing, budget management, and business models. Currently, he is independent IT consultant and contributes to SAP Community Network as a forum moderator. He is also an SAP Mentor alumnus. He has a master's degree in economics and a bachelor's degree in business administration.

Conduct funds management reporting for visibility into totals and details

... Preface ... 11

... The Objective of This Book ... 11

... Target Audience ... 11

... Structure of This Book ... 11

... Acknowledgments ... 14

1 ... Budget Management at a Glance ... 15

1.1 ... Reviewing Customers' Needs ... 16

1.2 ... The General Funds Management Process ... 17

1.3 ... Customization and Key Activities ... 19

1.4 ... Summary ... 31

2 ... Master Data and Budgetary Structure ... 33

2.1 ... Funds Management Master Data and Use ... 34

2.2 ... Mapping Funds Management Objects with Financial/Logistical Entities ... 36

2.3 ... Budget Structure Concept ... 38

2.4 ... Budget Derivation Strategy and Use ... 40

2.5 ... Configuration Settings ... 42

2.6 ... Summary ... 57

3 ... Budgetary Management ... 59

3.1 ... Multiple Budget Ledgers Concept ... 60

3.2 ... Available Budget Attributes and Use ... 61

3.3 ... Budget Flow Controls ... 64

3.4 ... Customization and Key Activities ... 66

3.5 ... Summary ... 96

4 ... Actual/Commitment Updates ... 97

4.1 ... The Update Profile Concept ... 97

4.2 ... Period-Based Versus Annual-Based Tracking ... 99

4.3 ... Financial and Logistical Flows ... 100

4.4 ... Earmarked Funds and Funds Transfers ... 103

4.5 ... Customization and Key Activities ... 105

4.6 ... Summary ... 127

5 ... Availability Control ... 129

5.1 ... Availability Control Ledgers ... 130

5.2 ... Availability Control Objects and Filters ... 131

5.3 ... Multiannual and Annual Regimes ... 132

5.4 ... Availability Control Derivation Strategy and Tolerance Profiles ... 134

5.5 ... Customization and Key Activities ... 135

5.6 ... Summary ... 145

6 ... Closing the Financial Year ... 147

6.1 ... Introduction to Closing Operations ... 147

6.2 ... Carry-Forward of Open Commitments ... 149

6.3 ... Carryover of Residual Budget and Closing Activities ... 154

6.4 ... Year-End Exercise Under Multiannual Budget Regime ... 156

6.5 ... Configuration Settings ... 157

6.6 ... Summary ... 170

7 ... Workflows ... 171

7.1 ... Workflow Roles ... 171

7.2 ... Workflow Definitions ... 174

7.3 ... Summary ... 177

8 ... User Activities in Funds Management ... 179

8.1 ... Introduction to User Activities in Funds Management ... 179

8.2 ... Master Data Maintenance ... 181

8.3 ... Budgeting ... 190

8.4 ... Earmarked Funds and Other Postings ... 196

8.5 ... Closing Procedures ... 205

8.6 ... Reports ... 219

8.7 ... Summary ... 221

9 ... Auxiliary Postings in Funds Management ... 223

9.1 ... Change of Funds Management Account Assignment ... 224

9.2 ... Subsequent Data Transfer to Funds Management ... 234

9.3 ... Mass Data Deletion ... 241

9.4 ... Mass Data Reconstruction ... 245

9.5 ... Summary ... 257

... The Author ... 259

... Index ... 261