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

SAP Term: mileage rate

• Component: BNS-CON

• Component Name: Concur

• Description: The rate of reimbursement for automobile travel per unit of distance.

Smart SAP Assistant

• Key Concepts: 
  Mileage rate is a term used in the BNS-CON Concur Expense component of SAP. It is the rate at which an employee is reimbursed for business-related travel expenses. The rate is based on the Internal Revenue Service (IRS) standard mileage rate and is updated annually. 
  
  How to use it: 
  The mileage rate can be used to calculate the amount of reimbursement an employee should receive for business-related travel expenses. The rate is applied to the total number of miles traveled and multiplied by the IRS standard mileage rate. 
  
  Tips & Tricks: 
  It is important to keep track of the current IRS standard mileage rate as it changes annually. Additionally, it is important to note that some states may have different mileage rates than the IRS standard mileage rate. 
  
  Related Information: 
  The current IRS standard mileage rate can be found on the IRS website. Additionally, more information about the BNS-CON Concur Expense component of SAP can be found on the SAP website.