Budget profile for projects in SAP

The following training tutorials guide you on how to maintain a budget profile for projects in SAP step by step.

You can define a budget profile for projects by using one of the following navigation methods.

  • SAP IMG Path: – SPRO >> IMG (F5) >> Project system >> costs >> Budget >> Maintain budget profile in SAP.
  • Transaction code: – OPS9

Step 1: – Enter Transaction code “OPS9” in the SAP command field and press enter.

Transaction code OPS9

Step 2: – On the budget profile for the project overview screen, click on “New entries” to maintain the budget profile as per organization requirements.

budget profile for project overview

Step 3: – On the new entries budget profile screen, update the following details.

  1. Profile: – Update the new unique id that identifies the budget profile in the SAP PS system.
  2. Text: –  Update the descriptive text of the budget profile.
  3. Time frame: – Time frame has three options.
    • Past: – Update the number of past years that you are authorized for budgeting from the current fiscal year.
    • Future: – Update the number of future years that you are authorized for budgeting from the fiscal year.
    • Start: – Enter the start year of the budgeting, generally it is a current fiscal year i.e budget starting year.
    • Total values: – Select this field if you want to maintain budgeting on basis of overvalue.
    • Annual values: – Select this option for maintaining the budget on yearly basis.
  4. Investment management: – Update the program type budget for an investment program.
  5. Representation: – Update the representation values such as decimal value and scaling factor.
  6. Availability control: – It determines how the budget profile is controlled.
  7. Currency translation: – Update the currency translation methods such as exchange rate method and value date (date of the exchange rate for currency translation)
  8. Budgeting currency: – It has three options, controlling area currency, object currency, and translation currency.

Maintain Budget Profile for Projects SAP

After updating all the mandatory details as per business requirements, click on the save button to save the configured budget profile data.