What is expenditure type in SAP PA-PM - Budget Management?

SAP Term: expenditure type

• Component: PA-PM

• Component Name: Budget Management

• Description: Division of personnel expenditure, to distinguish different parts. &EXAMPLE& Basic remuneration Bonus

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• Key Concepts: 
  Expenditure type is a component of the SAP PA-PM Budget Management module. It is used to classify and categorize budget items and expenses. It is a way to group similar budget items together for easier tracking and reporting. 
  
  How to use it: 
  Expenditure types are used to classify budget items and expenses in the SAP PA-PM Budget Management module. They can be used to group similar budget items together for easier tracking and reporting. For example, an expenditure type could be used to group all travel expenses together, or all office supplies together. 
  
  Tips & Tricks: 
  When creating expenditure types, it is important to make sure that they are specific enough to accurately classify budget items and expenses, but not so specific that they become too difficult to manage. It is also important to make sure that the expenditure types are consistent across all departments in an organization. 
  
  Related Information: 
  For more information on SAP PA-PM Budget Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_FINANCIALS/6.0/en-US