What is 'allocation' in SAP BNS-CON - Concur?

allocation - Overview

• Component: BNS-CON

• Component Name: Concur

• Description: A function in that allows a traveler to assign expenses to the cost objects that should be charged for those expenses.

allocation - Details

• 
  Key Concepts: 
  Allocation is a feature of the BNS-CON Concur Expense component of SAP that allows users to assign expenses to different cost centers or projects. This feature helps organizations track and manage their expenses more effectively.
  
  How to use it: 
  To use the allocation feature, users must first create a cost center or project in the system. Once this is done, they can assign expenses to the cost center or project by selecting it from a drop-down list when entering an expense. The expense will then be allocated to the selected cost center or project.
  
  Tips & Tricks: 
  It is important to ensure that all expenses are allocated correctly, as this will help ensure accurate reporting and budgeting. Additionally, users should be aware that some expenses may not be able to be allocated, such as travel expenses.
  
  Related Information: 
  The allocation feature is closely related to other features of the BNS-CON Concur Expense component, such as budgeting and reporting. Additionally, it is important to note that the allocation feature can be used in conjunction with other features of SAP, such as accounts payable and accounts receivable.