What is expense date in SAP LOD-TEM - Travel OnDemand?

SAP Term: expense date

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: The date on which an expense was paid. This is not necessarily the same as the expense report date.

Smart SAP Assistant

• Key Concepts: 
  Expense date is a field in the LOD-TEM Travel OnDemand component of SAP software. It is used to record the date when an expense was incurred. This date is used to determine the accounting period in which the expense should be recorded. 
  
  How to use it: 
  When entering an expense into the LOD-TEM Travel OnDemand component, the user must enter the expense date. This date should be the same as the date when the expense was incurred. The expense date will then be used to determine which accounting period the expense should be recorded in. 
  
  Tips & Tricks: 
  It is important to ensure that the correct expense date is entered when recording an expense in LOD-TEM Travel OnDemand. This will ensure that the expense is recorded in the correct accounting period and will help to avoid any discrepancies in financial reporting. 
  
  Related Information: 
  The expense date field is related to other fields in LOD-TEM Travel OnDemand such as cost center, cost element, and account assignment. These fields must also be entered correctly in order for the expense to be recorded accurately.