What is excess amount in SAP AP-ERM - FIN-Expense and Reimbursement Management?

SAP Term: excess amount

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A partial amount of a receipt that exceeds a defined maximum amount. For example, it is possible to split a receipt amount into a maximum amount and an excess amount, and treat the two amounts differently for tax purposes.

Smart SAP Assistant

• Key Concepts: 
  Excess amount is a term used in SAP's Expense and Reimbursement Management (AP-ERM FIN) component. It refers to the amount of money that an employee has spent on an expense that exceeds the amount that was approved by their employer. 
  
  How to use it: 
  When an employee submits an expense report, the employer will review it and approve a certain amount of money for reimbursement. If the employee has spent more than the approved amount, the difference is referred to as the excess amount. This excess amount must be paid back by the employee to their employer. 
  
  Tips & Tricks: 
  It is important for employees to keep track of their expenses and make sure they do not exceed the approved amount. This will help them avoid having to pay back any excess amounts. 
  
  Related Information: 
  The SAP Expense and Reimbursement Management (AP-ERM FIN) component also includes features such as expense tracking, budgeting, and reporting. These features can help employers and employees manage their expenses more effectively and avoid any excess amounts.