What is reduced per diem/flat rate in SAP FI-TV - Travel Planning?

SAP Term: reduced per diem/flat rate

• Component: FI-TV

• Component Name: Travel Planning

• Description: The per diem or flat rate amount is reduced for each day of the calendar on which the business trip did not last more than 12 hours as follows: Duration of trip - Per diem or flat rate amount More than 10 hours = 80% of full rate More than 8 hours = 60% of full rate More than 6 hours = 30% of full rate Less than 6 hours = 0% of full rate

Smart SAP Assistant

• Key Concepts: 
  Reduced per diem/flat rate is a feature of the FI-TV Travel Planning component of SAP. It allows companies to set a flat rate for travel expenses, rather than having to calculate the exact amount of money spent on each individual trip. This can help to simplify the process of tracking and managing travel expenses. 
  
  How to use it: 
  In order to use the reduced per diem/flat rate feature, companies must first set up a flat rate for each type of travel expense. This can be done in the FI-TV Travel Planning component of SAP. Once the flat rate has been set, it will be automatically applied to all future travel expenses. 
  
  Tips & Tricks: 
  When setting up a flat rate for travel expenses, it is important to make sure that the rate is fair and reasonable. Companies should also consider setting different rates for different types of travel expenses, such as airfare, hotel stays, and meals. 
  
  Related Information: 
  The reduced per diem/flat rate feature is just one of many features available in the FI-TV Travel Planning component of SAP. Other features include budgeting tools, expense tracking, and reporting capabilities.