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

stay type - Overview

• 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 company policy, statutory regulations, the activity, and/or settlement criteria.

stay type - Details

• 
  Key Concepts: 
  Stay type is a feature in SAP Expense and Reimbursement Management (AP-ERM FIN) that allows users to define the type of stay for a particular expense. This feature helps to categorize expenses according to the type of stay, such as hotel, hostel, or other. It also helps to track the expenses associated with each stay type. 
  
  How to use it: 
  To use the stay type feature in SAP Expense and Reimbursement Management, users must first define the types of stays they wish to track. This can be done by navigating to the “Stay Types” tab in the application and selecting “Create New Stay Type”. From there, users can enter the name of the stay type and any additional information they wish to include. Once saved, this stay type will be available for selection when creating an expense report. 
  
  Tips & Tricks: 
  When creating a new stay type, it is important to provide as much detail as possible. This will help ensure that all expenses associated with that stay type are accurately tracked and reported. Additionally, it is important to keep track of all stay types that have been created in order to avoid duplicate entries. 
  
  Related Information: 
  For more information on using the stay type feature in SAP Expense and Reimbursement Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_FIN_EXPENSE_REIMBURSEMENT_MANAGEMENT/6.0/en-US