Revenues Increasing the Budget in FM configuration

[Former Member]

Dear All,

We are implementing Fund Management one of client with Revenues Increasing the Budget (RIB).

Our Client requirement as below:-

For Example

• Revenue Account (100000) is expected for FY 2020-21 - 100,00,00,000/-
• Indirect Expenses (Commission) will 10% on Sales
• Indirect Expenses (Advertisement) will 15% on Sales
• Indirect Expenses (Loading and unloading) will 20% on Sales

Could you please reply configuration details for RIB.

Thanks

With regards,

Ganesh Sadula

[Former Member]

eli.klovski

Please share RIB Configuration step one by one, ill check with my system.

[iklovski]

I don't have any documented and it differs from client to client.

[Former Member]

Hi Eli,

While Executing FMRBGENMD - Generating Rules for Increasing the budget

Invalid RIB rule: value <SPACE> for the field Activation Status does not exist

Message no. FMRB502

Diagnosis

The derivation strategy for generation of RIB rules assigned the value <SPACE> to the field Activation Status. This value, however, is not valid.

System Response

The RIB rule cannot be created for the following combination of budget category for RIB, fiscal year and RIB object:

9M/2019/1000/111035/80000000

Procedure

Check the derivation strategy for generation of RIB rules in Customizing.

May i know what exactly we are missing.

Thank you,

With regards,

Ganesh

[iklovski]

You are missing what the systems says: you have to fill activation status for your RIB derivation strategy (Active, Inactive, Frozen)

[iklovski]

Hi,

The configuration points for RIB (standard) are quite straight-forward. Business rules behind it, as requested by your client, could be applied only through procedural methods or with a development.

Regards,

Eli

[Former Member]

Eli,

Thank you for reply, What kind of derivation rule need to maintain for RIB.

With Regards,

Ganesh Sadula

[iklovski]

Create your RIB formulas according to percentage and the derivation rules, which will derive the formula and the relevant budgetary addresses. I can't possibly say what exact rule you have to put, as it all depends on your budget structure.