Here’s a general and quick guide on how to configure SAP Fund Management component:
»» Define Financial Management Area
»» Assign Company Code to FM Area
»» Activate Account Assignment Elements
»» Activate Additional Functions of Funds Management
»» Activate Budget Control System
»» Define Global Parameters of FM Area
»» Create Variants in FM Area/Fiscal Year
»» Maintain Commitment item type
»» Create/Change Funds Center Hierarchy Variant
»» Assign Hierarchy Variant to FM Area
»» Create FM Fund Types
»» Create/Maintain Funded Program Types
»» Edit Field Selection String for Commitment items
»» Edit Field Selection String for Funds Center
»» Edit Field Selection String for Funds
»» Edit Field Selection String for Funded Program
»» Assign Field Selection Strings to FM Area
»» Define Account Assignment Derivation
»» Assign Derivation Strategy to Company Code
»» Activate Account Assignment Elements in Budget Control System
»» Define Budget Category
»» Define Budget Types
»» Edit Versions
»» Define Document Types
»» Maintain Number Range Interval for Entry Documents
»» Maintain Number Range Interval for Budget Change Document
»» Maintain Number Range Interval for Document Family
»» Define Layout for Budgeting Workbench
»» Define Status Control Settings
»» Activate/Deactivate Some AVC Messages for Applications
»» Maintain Activity Groups
»» Define Derivation Strategy for Activity Groups
»» Definition of Tolerance Profile and Maintenance of Tolerance Limit
»» Maintain Ledgers for Availability Checks
»» Define Settings for Consumable Budgets
»» Define Derivation Strategy for Control Objects
»» Define Activation of Availability Control
»» Assign Update Profile to FM Area
»» Override Update Profile
»» Make Other Settings
»» Define Settings for Payment Transfer
»» Maintain Field Status for Assigning FM Account Assignments
»» Define Number Ranges for Posting Integration with Controlling
»» Choose Business Transactions for Integration
»» Activate Integration Costs and Project Controlling
»» Set Check for CO Plan Version
»» Activate/Deactivate Funds Management
