What is allowance in SAP LOD-SF-OBD - Onboarding?

SAP Term: allowance

• Component: LOD-SF-OBD

• Component Name: Onboarding

• Description: An exemption claimed by an individual on his or her tax form.

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• Key Concepts: 
  Allowance is a feature of the SAP Onboarding module that allows employers to provide employees with a set amount of money to cover expenses related to their onboarding process. This money can be used for things like travel, lodging, and other costs associated with the onboarding process. 
  
  How to use it: 
  Allowance can be set up in the Onboarding module by an employer. The employer can specify the amount of money to be provided, as well as the type of expenses that can be covered. The allowance will then be available to the employee during their onboarding process. 
  
  Tips & Tricks: 
  When setting up an allowance, it is important to make sure that the amount provided is enough to cover all of the necessary expenses associated with the onboarding process. It is also important to make sure that the allowance is set up in a timely manner so that it is available when needed. 
  
  Related Information: 
  For more information on setting up an allowance in SAP Onboarding, please refer to the SAP Onboarding documentation. Additionally, there are many online resources available that provide tips and tricks for setting up allowances in SAP Onboarding.