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

Expense Arrangement - Overview

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A definition by the company of parameters for an employee that are needed for expense reports. It is used to determine per diem amounts, the type of standard vehicle, and the standard cost distribution.

Expense Arrangement - Details

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  Key Concepts: 
  Expense Arrangement is a component of SAP's Expense and Reimbursement Management (AP-ERM FIN) module. It is used to manage employee expenses and reimbursements, such as travel expenses, meal expenses, and other related costs. It allows companies to track and manage employee expenses in an efficient and organized manner. 
  
  How to use it: 
  Expense Arrangement can be used to create expense reports, manage employee reimbursements, and track employee expenses. It also allows companies to set up rules and regulations for employee expense management. Companies can also use the module to generate reports on employee expenses and reimbursements. 
  
  Tips & Tricks: 
  When setting up rules for employee expense management, it is important to ensure that the rules are clear and easy to understand. Additionally, it is important to ensure that the rules are regularly updated in order to keep up with changing regulations. 
  
  Related Information: 
  Expense Arrangement is part of SAP's Expense and Reimbursement Management (AP-ERM FIN) module. Other components of this module include Travel Management, Travel Expense Management, and Travel Reimbursement Management.