What is 'car mileage rate' in SAP BNS-CON - Concur?

car mileage rate - Overview

• Component: BNS-CON

• Component Name: Concur

• Description: A rate applied to reimburse business travel in an automobile.

car mileage rate - Details

• 
  Key Concepts: 
  Car mileage rate is a feature of the BNS-CON Concur Expense component of SAP. It allows users to track and manage their car mileage expenses for business trips. The rate is based on the Internal Revenue Service (IRS) standard mileage rate and is updated annually. 
  
  How to use it: 
  To use the car mileage rate feature, users must first enter their car mileage expenses into the system. This can be done by entering the start and end locations, as well as the total number of miles driven. The system will then calculate the total cost based on the current IRS standard mileage rate. 
  
  Tips & Tricks: 
  It is important to keep accurate records of all car mileage expenses, as this information can be used for tax purposes. Additionally, users should make sure to update their car mileage rate each year to ensure they are using the most up-to-date rate. 
  
  Related Information: 
  For more information about car mileage rates and other features of BNS-CON Concur Expense, please refer to the official SAP documentation.