What is expense type in SAP AP-ERM - FIN-Expense and Reimbursement Management?

SAP Term: expense type

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A classification of the expenses incurred by an expense reporter based on commonalities in the accounting procedure, dialog, payment, settlement, or statistical evaluation.

Smart SAP Assistant

• Key Concepts: 
  Expense type is a classification of expenses in SAP ERM. It is used to categorize expenses for reporting and analysis purposes. Expense types are defined in the system and can be used to group expenses into categories such as travel, meals, entertainment, etc. 
  
  How to use it: 
  Expense types are used to classify expenses in SAP ERM. When creating an expense report, the user will select an expense type from a list of available options. This will allow the system to group the expenses into the appropriate category for reporting and analysis. 
  
  Tips & Tricks: 
  When creating an expense report, it is important to select the correct expense type. This will ensure that the expenses are grouped correctly for reporting and analysis purposes. Additionally, it is important to ensure that all required fields are filled out correctly when creating an expense report. 
  
  Related Information: 
  For more information on expense types in SAP ERM, please refer to the SAP Help documentation. Additionally, there are several online resources available that provide detailed information on how to use SAP ERM for expense management.