What is 'expense currency' in SAP LOD-TEM - Travel OnDemand?

expense currency - Overview

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: The currency in which an expense was originally paid.

expense currency - Details

• 
  Key Concepts: 
  Expense currency is a feature of the SAP LOD-TEM Travel OnDemand component. It allows users to enter expenses in a currency other than their home currency. This is useful for travelers who are making purchases in a foreign country, as it allows them to accurately track their expenses without having to convert them into their home currency. 
  
  How to use it: 
  To use the expense currency feature, users must first select the currency they wish to use from the drop-down menu. Once selected, they can enter their expenses in that currency. The system will then automatically convert the expenses into the user's home currency for reporting and analysis purposes. 
  
  Tips & Tricks: 
  When entering expenses in a foreign currency, it is important to make sure that the exchange rate used is up-to-date. This will ensure that the converted amount is accurate and that there are no discrepancies between the reported and actual amounts. 
  
  Related Information: 
  For more information on how to use the expense currency feature, please refer to the SAP LOD-TEM Travel OnDemand documentation.