What is receipt settlement in SAP AP-ERM - FIN-Expense and Reimbursement Management?

SAP Term: receipt settlement

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: The calculation of expenses based on receipts.

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• Key Concepts: 
  Receipt settlement is a process in SAP Expense and Reimbursement Management (AP-ERM FIN) that allows employees to submit receipts for reimbursement. The process involves the employee submitting a receipt, the manager approving the receipt, and the system automatically creating a payment document for the employee. 
  
  How to use it: 
  To use receipt settlement in SAP Expense and Reimbursement Management, the employee must first submit a receipt for reimbursement. The manager must then approve the receipt, and the system will automatically create a payment document for the employee. The payment document will be sent to the employee's bank account or other payment method. 
  
  Tips & Tricks: 
  When submitting a receipt for reimbursement, make sure to include all relevant information such as date, amount, and purpose of the expense. This will help ensure that the manager can quickly and accurately approve the receipt. Additionally, make sure to keep track of all receipts submitted for reimbursement in order to easily track payments. 
  
  Related Information: 
  For more information on receipt settlement in SAP Expense and Reimbursement Management, please refer to SAP Help Portal or contact your local SAP support team.