What is per diem and flat rate settlement in SAP FI-TV - Travel Planning?

SAP Term: per diem and flat rate settlement

• Component: FI-TV

• Component Name: Travel Planning

• Description: The payment of an employee's travel expenses by per diem or flat rate Reimbursement is calculated without consideration of actual travel expenses. There are three different kinds of rates: flat rates for transportation costs per diems for meals per diems for accommodations

Smart SAP Assistant

• Key Concepts: 
  Per diem and flat rate settlement is a feature of the FI-TV Travel Planning component of SAP. It allows for the automatic calculation of travel expenses based on the number of days spent traveling and the type of travel. The system can be configured to use either a per diem rate or a flat rate for each type of travel. 
  
  How to use it: 
  To use per diem and flat rate settlement, first configure the system to use either a per diem rate or a flat rate for each type of travel. Then, when entering travel expenses, enter the number of days spent traveling and the type of travel. The system will automatically calculate the total cost based on the configured rates. 
  
  Tips & Tricks: 
  When configuring the system, make sure to set up different rates for different types of travel. This will ensure that the system is accurately calculating the total cost for each type of travel. 
  
  Related Information: 
  For more information on how to configure per diem and flat rate settlement in SAP FI-TV Travel Planning, please refer to SAP Help documentation.