Learn How to Configure this Highly Anticipated New Feature in SAP S/4HANA 1909
SAP introduced the much-awaited Budget Availability Control for Cost Centers in the on-premise version of SAP S/4HANA 1909. This new functionality makes it possible to perform a budget check at the time of Purchase Requisition / Purchase Order creation against a Cost Center and the actual expense booking directly to the Cost Center.
The Cost Center Budget report displays commitment as well as actual budget position. With Cost Center Budgeting, businesses now have a methodology to review expenditure and proper utilization of allotted funds, providing decision-making support to people who oversee Cost Centers. It also enables more accurate budgeting estimation in future fiscal years.
This white paper uses step-by-step instructions – complete with screenshots and real business scenarios – to deliver guidance on the configuration, master data setup, SAP Fiori app utilization, and budget import and allocation of budgets to Cost Centers.