What is funding account in SAP BNS-CON - Concur?

SAP Term: funding account

• Component: BNS-CON

• Component Name: Concur

• Description: A bank account that has been configured in Expense from which approved expense reports are paid.

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• Key Concepts: 
  A funding account is a type of account used in SAP Concur to manage and track the funds used to pay for expenses. It is a virtual account that can be used to store funds and track spending. The funds in the account can be used to pay for expenses, such as travel, meals, and other business-related costs. 
  
  How to use it: 
  To use a funding account, you must first create one in SAP Concur. Once created, you can add funds to the account from your bank or other financial institution. You can then use the funds in the account to pay for expenses. You can also set up rules and restrictions on how the funds are used, such as setting a maximum amount that can be spent per month or per transaction. 
  
  Tips & Tricks: 
  When setting up a funding account, it is important to set up rules and restrictions that are appropriate for your business needs. This will help ensure that the funds are used appropriately and that you are able to track spending accurately. Additionally, it is important to regularly review the activity on the funding account to ensure that it is being used correctly. 
  
  Related Information: 
  For more information on setting up and using a funding account in SAP Concur, please refer to the official SAP Concur documentation. Additionally, there are many online resources available that provide helpful tips and advice on using SAP Concur.