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

SAP Term: trading expenses

• Component: LO-GT

• Component Name: Global Trade Management

• Description: A type of costs incurred by trading transactions. There are various types of expenses in the trading environment, such as freight, loading charges, storage costs, insurance, customs duty, and commission.

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• Key Concepts: 
  Trading expenses are costs associated with the import and export of goods. These expenses include customs duties, taxes, freight, insurance, and other related costs. They are managed in the LO-GT Global Trade Management component of SAP. 
  
  How to use it: 
  In the LO-GT Global Trade Management component of SAP, users can manage trading expenses by setting up cost categories and assigning them to specific transactions. This allows users to track and analyze their trading expenses in detail. Additionally, users can set up payment terms for trading expenses and generate reports to monitor their spending. 
  
  Tips & Tricks: 
  It is important to keep track of trading expenses in order to ensure that they are being managed efficiently. To do this, users should regularly review their cost categories and payment terms to ensure that they are up-to-date. Additionally, users should generate reports on a regular basis to monitor their spending and identify any areas where costs can be reduced. 
  
  Related Information: 
  For more information on managing trading expenses in SAP, please refer to the official SAP documentation on LO-GT Global Trade Management. Additionally, there are many online resources available that provide tips and tricks for managing trading expenses in SAP.