What is vehicle class in SAP AP-ERM - FIN-Expense and Reimbursement Management?

SAP Term: vehicle class

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: Size classification of vehicles to which the same statutory, contractual, or company expense regulations apply regarding the reimbursement of mileage expenses. Vehicle classes can be based on criteria such as engine displacement, seating capacity, or interior volume.

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• Key Concepts: 
  Vehicle class is a component of the SAP Expense and Reimbursement Management (AP-ERM FIN) module. It is used to define the type of vehicle used for business travel, such as a car, bus, or train. The vehicle class is used to determine the cost of the travel and the reimbursement rate for the employee. 
  
  How to use it: 
  The vehicle class is set up in the SAP system by an administrator. The administrator can define different classes of vehicles, such as cars, buses, and trains. The administrator can also set up different reimbursement rates for each vehicle class. 
  
  Tips & Tricks: 
  When setting up the vehicle class in SAP, it is important to ensure that all relevant information is included. This includes the type of vehicle, the cost of travel, and the reimbursement rate for each vehicle class. 
  
  Related Information: 
  The vehicle class is related to other components of the SAP Expense and Reimbursement Management module, such as travel expenses and mileage reimbursement. It is important to understand how these components interact with each other in order to ensure accurate reimbursement rates and costs.