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

SAP Term: private expense

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: An expense that appears on a receipt but does not have a business purpose.

Smart SAP Assistant

• Key Concepts: 
  Private expense is a term used in SAP's Expense and Reimbursement Management (ERM) component. It refers to expenses that are incurred by an employee for personal use, such as travel, meals, and entertainment. These expenses are not reimbursed by the company and are not tax-deductible. 
  
  How to Use it: 
  In SAP ERM, private expenses can be tracked and managed using the Private Expense Management (PEM) module. This module allows users to enter and track private expenses, as well as generate reports on the total amount of private expenses incurred by an employee. 
  
  Tips & Tricks: 
  When entering private expenses into the PEM module, it is important to ensure that all information is accurate and up-to-date. This will help ensure that the total amount of private expenses is accurately tracked and reported. 
  
  Related Information: 
  For more information on SAP ERM and the Private Expense Management module, please refer to the SAP Help Portal or contact your local SAP representative.