What is expense type in SAP CRM-FM - Funds Management?

SAP Term: expense type

• Component: CRM-FM

• Component Name: Funds Management

• Description: An additional payment required in fund management that can be categorized according to for what the payment is made. &EXAMPLE& The costs for displays, advertising, or shelf space are expense types in funds management.

Smart SAP Assistant

• Key Concepts: 
  Expense type is a component of SAP Funds Management (CRM-FM) that allows users to define and manage the different types of expenses associated with a project or activity. It is used to classify and track expenses, and can be used to generate reports for budgeting and forecasting. 
  
  How to use it: 
  Expense type is used to define the different types of expenses associated with a project or activity. It can be used to classify and track expenses, and can be used to generate reports for budgeting and forecasting. To create an expense type, users must first define the characteristics of the expense type, such as the name, description, and account code. Once the expense type is created, it can be assigned to a project or activity. 
  
  Tips & Tricks: 
  When creating an expense type, it is important to ensure that the name and description are clear and concise so that it is easy to identify and understand. Additionally, it is important to ensure that the account code is accurate so that expenses are properly tracked and reported. 
  
  Related Information: 
  For more information on SAP Funds Management (CRM-FM) and how to use expense type, please refer to the SAP Help Portal or contact your local SAP representative.