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What is Public Sector Management
The functions in this component support you in creating and executing budgets.
The purpose of Funds Management is to budget all revenues and expenditures for individual areas of responsibility, to control future funds transactions in accordance with the distributed budget, and to stop the budget being exceeded. You can adapt the budget to changes in conditions by entering releases, supplements, returns, and transfers.
Funds Management enables you to control revenues and expenditures and thus control the funding of business transactions of an organization.
Closely control your budget, with the following questions in mind:
What funds will the areas of responsibility receive?
Where do these funds come from (source of funds)?
What are the funds used for? (use of funds)
Control the finances of your organization by comparing commitment and actual values with current budget values.
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