What is maximum rate per diem in SAP FI-TV - Travel Planning?

SAP Term: maximum rate per diem

• Component: FI-TV

• Component Name: Travel Planning

• Description: The maximum amount that can be reimbursed per diem when accounting meals by individual statement.

Smart SAP Assistant

• Key Concepts: 
  Maximum rate per diem is a feature of the FI-TV Travel Planning component of SAP. It allows users to set a maximum rate for each day of a business trip, which will be used to calculate the total cost of the trip. This feature helps to ensure that the total cost of the trip does not exceed a predetermined budget. 
  
  How to use it: 
  To use the maximum rate per diem feature, users must first enter the details of their business trip into the FI-TV Travel Planning component. This includes information such as the destination, duration, and number of travelers. Once this information is entered, users can then set a maximum rate for each day of the trip. This rate will be used to calculate the total cost of the trip. 
  
  Tips & Tricks: 
  When setting a maximum rate per diem, it is important to consider all potential costs associated with the trip. This includes not only accommodation and transportation costs, but also meals, entertainment, and other miscellaneous expenses. Setting an appropriate maximum rate per diem will help ensure that the total cost of the trip does not exceed budget expectations. 
  
  Related Information: 
  For more information on using the maximum rate per diem feature in SAP FI-TV Travel Planning, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature effectively.