What is non-recoverable in SAP LO-GT - Global Trade Management?

SAP Term: non-recoverable

• Component: LO-GT

• Component Name: Global Trade Management

• Description: A type of expense that is incurred in connection with a business deal and cannot be charged to a business partner.

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• Key Concepts: 
  Non-recoverable is a term used in SAP's LO-GT Global Trade Management component. It refers to the cost of goods or services that cannot be recovered from the customer. This includes costs such as taxes, duties, and other fees that are incurred during the import or export process. 
  
  How to use it: 
  Non-recoverable costs can be tracked in SAP's LO-GT Global Trade Management component. This allows companies to accurately track and manage their costs associated with international trade. The component also provides tools for calculating taxes, duties, and other fees associated with imports and exports. 
  
  Tips & Tricks: 
  It is important to accurately track non-recoverable costs in order to ensure that the company is not overspending on international trade. Companies should also be aware of any changes in taxes, duties, or other fees that may affect their non-recoverable costs. 
  
  Related Information: 
  SAP's LO-GT Global Trade Management component provides a comprehensive solution for managing international trade. It includes features such as tracking non-recoverable costs, calculating taxes and duties, and managing documents related to imports and exports. Additionally, the component can be integrated with other SAP components such as FI/CO and SD for a more comprehensive solution.