What is trading expense type in SAP LO-GT - Global Trade Management?

SAP Term: trading expense type

• Component: LO-GT

• Component Name: Global Trade Management

• Description: A combination of several parameters that forms a condition type and pricing schema with which trading expenses can be processed.

Smart SAP Assistant

• Key Concepts: 
  Trading expense type is a feature of the LO-GT Global Trade Management component of SAP. It is used to define the different types of expenses associated with international trade, such as customs duties, taxes, and freight charges. This feature allows users to easily track and manage these expenses in a single system. 
  
  How to use it: 
  To use the trading expense type feature, users must first define the different types of expenses associated with international trade. This can be done by creating a new expense type in the system and assigning it a unique code. Once this is done, users can then assign this code to any transaction related to international trade. This will allow them to easily track and manage these expenses in a single system. 
  
  Tips & Tricks: 
  When creating new expense types, it is important to ensure that they are properly categorized and labeled so that they can be easily identified and tracked. Additionally, it is important to ensure that all transactions related to international trade are assigned the correct expense type code so that they can be accurately tracked and managed. 
  
  Related Information: 
  For more information on the trading expense type feature of SAP LO-GT Global Trade Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.