What is cost object in SAP LOD-TEM - Travel OnDemand?

SAP Term: cost object

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: An object to which costs can be assigned. Internal orders, projects, and sales orders are examples of cost objects.

Smart SAP Assistant

• Key Concepts: 
  A cost object is an entity in SAP that is used to track and manage costs. In the LOD-TEM Travel OnDemand component, cost objects are used to track the costs associated with travel expenses. This includes things like airfare, hotel stays, meals, and other related expenses. 
  
  How to use it: 
  In order to use cost objects in the LOD-TEM Travel OnDemand component, you must first create a cost object in the system. This can be done by navigating to the Cost Object tab in the Travel OnDemand component and selecting “Create Cost Object”. Once created, you can then assign costs to the cost object and track them over time. 
  
  Tips & Tricks: 
  When creating a cost object in the LOD-TEM Travel OnDemand component, it is important to ensure that all relevant information is included. This includes things like the name of the cost object, the type of expense being tracked, and any other relevant details. Additionally, it is important to ensure that all costs are accurately assigned to the correct cost object in order to ensure accurate tracking of expenses. 
  
  Related Information: 
  For more information on cost objects in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/LOD_TEM_TRAVEL_ON_DEMAND/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html