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

SAP Term: statutory stay type

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A classification in an expense report of the stays for a business trip based on statutory regulations. Examples: Business trip Private stay

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• Key Concepts: 
  Statutory stay type is a feature of SAP’s Expense and Reimbursement Management (AP-ERM) component. It is used to define the type of stay that an employee is taking, such as a business trip or vacation. The stay type is used to determine the applicable rules and regulations for the employee’s reimbursement. 
  
  How to use it: 
  In order to use the statutory stay type feature, an administrator must first define the different types of stays that are available. This can be done in the SAP system by navigating to the “Statutory Stay Types” tab in the AP-ERM component. Once the types of stays have been defined, they can be assigned to employees when they submit their reimbursement requests. 
  
  Tips & Tricks: 
  It is important to ensure that all applicable rules and regulations are taken into account when defining the different types of stays. This will ensure that employees are reimbursed correctly and in accordance with company policy. Additionally, it is important to keep the list of stay types up-to-date in order to ensure that all employees are aware of their options when submitting reimbursement requests. 
  
  Related Information: 
  For more information on how to use the statutory stay type feature in SAP’s Expense and Reimbursement Management component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.