What is allowance in SAP BNS-CON - Concur?

SAP Term: allowance

• Component: BNS-CON

• Component Name: Concur

• Description: A set of rates, determined by government and company policies, for reimbursing employees' meal and lodging expenses.

Smart SAP Assistant

• Key Concepts: 
  Allowance is a feature in the BNS-CON Concur Expense component of SAP that allows users to set up a pre-defined amount of money that can be used for specific expenses. This feature is useful for businesses that need to manage their expenses in a more organized and efficient way. 
  
  How to use it: 
  To use the allowance feature, users must first set up an allowance in the BNS-CON Concur Expense component. This can be done by selecting the “Allowance” option from the main menu and then entering the desired amount of money. Once the allowance has been set up, users can then assign it to specific expenses. 
  
  Tips & Tricks: 
  When setting up an allowance, it is important to make sure that the amount of money is sufficient for the intended purpose. Additionally, it is important to keep track of how much money has been used from the allowance so that it can be replenished when necessary. 
  
  Related Information: 
  The allowance feature in BNS-CON Concur Expense is closely related to other features such as budgeting and expense tracking. These features can be used together to help businesses manage their finances more effectively.