What is expense type in SAP EPM-IM-EXP - EPM IM Expense Review?

SAP Term: expense type

• Component: EPM-IM-EXP

• Component Name: EPM IM Expense Review

• Description: The category to which an expense belongs. The expense type is used to help assign costs to the correct account.

Smart SAP Assistant

• Key Concepts: 
  Expense type is a term used in SAP EPM-IM-EXP (Expense Review) to refer to the different types of expenses that can be tracked and managed. This includes both fixed and variable expenses, such as travel, entertainment, and other miscellaneous costs. Expense types are used to categorize expenses for reporting and budgeting purposes. 
  
  How to use it: 
  In SAP EPM-IM-EXP, users can create and manage expense types. This includes setting up the type of expense, the budgeted amount, and any other relevant information. Once an expense type is created, users can then assign expenses to that type for tracking and reporting purposes. 
  
  Tips & Tricks: 
  When creating an expense type in SAP EPM-IM-EXP, it is important to ensure that the type is accurately categorized so that it can be easily tracked and reported on. Additionally, it is important to set up a budget for each expense type so that users can easily monitor their spending. 
  
  Related Information: 
  For more information on how to use SAP EPM-IM-EXP to manage expenses, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_EPM_IM_EXP/1.0/en-US