What is round trip in SAP AP-ERM - FIN-Expense and Reimbursement Management?

SAP Term: round trip

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A trip with a private vehicle to a single destination that starts and ends at the same location.

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• Key Concepts: 
  Round trip is a term used in SAP Expense and Reimbursement Management (AP-ERM FIN) to describe the process of creating an expense report, submitting it for approval, and then having it posted to the general ledger. This process is also known as a “closed loop” because it involves a full cycle of activities. 
  
  How to use it: 
  To use round trip in SAP Expense and Reimbursement Management, an employee must first create an expense report. This report should include all relevant information such as the date, amount, and purpose of the expense. The employee then submits the report for approval by their manager or other designated approver. Once approved, the report is posted to the general ledger and the expense is recorded. 
  
  Tips & Tricks: 
  When creating an expense report, be sure to include all relevant information such as the date, amount, and purpose of the expense. This will help ensure that the report is approved quickly and accurately. Additionally, be sure to double-check all information before submitting the report for approval. 
  
  Related Information: 
  For more information on SAP Expense and Reimbursement Management, please visit https://help.sap.com/viewer/product/SAP_ERM/latest/en-US.