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SIMG_OHCMP_2530 - Define Budget Periods

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In this step, you define your budget periods. The budget period is the period during which you want to implement the salary increases or distribute the bonuses/shares.

In the third quarter of each year, you plan your salary increases and bonus payments for the following year. In this instance your budget period could, for example, be 1999 and its validity period would be from January 1, 1999 to December 31, 1999.

The system contains sample budget periods that you can copy or use as a basis for creating your own.

SAP recommends that the budget period coincides with the compensation planning period.

1. Determine which budget periods you require in your organization
2. Choose New entries or Copy
3. Enter an identifier for your budget period, this can be a year or a name of your choice
4. Enter a start date and an end date for each period
5. If you want currency conversion to take place on a specific date, enter this date in the Key date field
6. If you do not enter a date in the Key date field, the system will use the system date, for example, the date on which you created the budget unit
7. Save your entries

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