What is split payment in SAP LOD-TEM - Travel OnDemand?
Get instant SAP help. Sign up for our Free Essentials Plan.SAP Term: split payment
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Component: LOD-TEM
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Component Name: Travel OnDemand
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Description: A credit card clearing type for a personal corporate card with employee liability. The company pays approved travel expenses directly to the credit card company and the employee pays the credit card company for any private expenses. Split payment requires a detokenization step.
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Key Concepts: Split payment is a feature of the LOD-TEM Travel OnDemand component of SAP software. It allows users to split payments for travel expenses into multiple accounts, such as a corporate credit card and a personal credit card. This feature helps to streamline the process of managing travel expenses and ensures that all payments are properly accounted for. How to use it: To use the split payment feature, users must first set up their accounts in the LOD-TEM Travel OnDemand component. Once the accounts are set up, users can select the “Split Payment” option when making a payment. This will allow them to enter the amount they wish to pay from each account. Once the payment is complete, the system will automatically split the payment between the two accounts. Tips & Tricks: When using split payment, it is important to ensure that all payments are properly accounted for. To do this, users should always double-check that the total amount paid matches the total amount due. Additionally, users should keep track of all payments made with split payment in order to ensure that all payments are properly reconciled. Related Information: For more information on how to use split payment in SAP software, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.
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