What is 'border crossing' in SAP AP-ERM - FIN-Expense and Reimbursement Management?

border crossing - Overview

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: The time point at which an expense reporter enters a foreign country from his home country, or vice-versa.

border crossing - Details

• 
  Key Concepts: 
  Border crossing is a feature of SAP Expense and Reimbursement Management (AP-ERM FIN) that allows employees to submit expense reports for reimbursement when they are traveling across international borders. The feature allows employees to enter their expenses in the local currency of the country they are visiting, and then converts the amount to the company's home currency for reimbursement. 
  
  How to use it: 
  To use the border crossing feature, employees must first enter their expenses into the SAP Expense and Reimbursement Management system. They must then select the country they are visiting and enter the amount of their expenses in that country's local currency. The system will then automatically convert the amount to the company's home currency for reimbursement. 
  
  Tips & Tricks: 
  When entering expenses into SAP Expense and Reimbursement Management, it is important to make sure that all amounts are entered in the correct currency. This will ensure that the system can accurately convert the amounts for reimbursement. Additionally, it is important to keep track of exchange rates when traveling abroad, as this can affect how much money is reimbursed. 
  
  Related Information: 
  For more information on SAP Expense and Reimbursement Management, please visit https://help.sap.com/viewer/product/SAP_ERP_FINANCIALS/6.0/en-US. Additionally, for more information on border crossing and international travel expenses, please visit https://www.irs.gov/businesses/small-businesses-self-employed/international-travel-expenses.