What is savings made in the cost of living in SAP FI-TV - Travel Planning?

SAP Term: savings made in the cost of living

• Component: FI-TV

• Component Name: Travel Planning

• Description: The cost of living savings are calculated at 20% of the actual expenses for meals. They are needed to calculate the additional expenses for meals.

Smart SAP Assistant

• Key Concepts: 
  FI-TV Travel Planning is a component of the SAP system that helps organizations manage their travel expenses. It allows users to plan and track their travel costs, as well as identify potential savings in the cost of living. This component also provides users with the ability to compare different travel options and make informed decisions about their travel expenses. 
  
  How to use it: 
  FI-TV Travel Planning can be used to plan and track travel expenses, as well as identify potential savings in the cost of living. The component allows users to compare different travel options and make informed decisions about their travel expenses. It also provides users with the ability to set up budget limits for each trip, as well as track actual costs against budgeted amounts. 
  
  Tips & Tricks: 
  When using FI-TV Travel Planning, it is important to keep track of all expenses associated with a trip. This includes airfare, hotel costs, meals, and other miscellaneous expenses. Additionally, it is important to compare different travel options before making a decision in order to ensure that the most cost-effective option is chosen. 
  
  Related Information: 
  FI-TV Travel Planning is part of the SAP system, which is a suite of software applications designed to help organizations manage their business processes. Other components of the SAP system include Financial Accounting (FI), Controlling (CO), Human Resources (HR), and Materials Management (MM).