What is reimbursable order in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: reimbursable order

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: A contract between a Federal government agency and another entity, which may also be a Federal agency, whereby the delivering agency supplies goods or services to the other entity, whom it may then bill for the costs.

Smart SAP Assistant

• Key Concepts: 
  A reimbursable order is a type of purchase order used in the U.S. Federal Government's Project System Management (PSM) and Functional Group (FG) functions. It is used to purchase goods or services from a vendor and then be reimbursed by the government for the cost of the goods or services. The vendor is paid in full at the time of purchase, and then the government pays back the vendor for the cost of the goods or services. 
  
  How to use it: 
  To create a reimbursable order, you must first create a purchase order in SAP. Once you have created the purchase order, you can select the “Reimbursable” option from the drop-down menu. This will indicate that the purchase order is a reimbursable order and will be paid back by the government. You will then need to enter all of the necessary information about the vendor, such as their name, address, and contact information. Once this is done, you can submit the purchase order for approval. 
  
  Tips & Tricks: 
  When creating a reimbursable order, it is important to make sure that all of the necessary information is entered correctly. This includes not only the vendor’s contact information but also any other relevant information such as payment terms and delivery dates. Additionally, it is important to ensure that all of the necessary documents are included with the purchase order, such as invoices and receipts. 
  
  Related Information: 
  For more information on creating and managing reimbursable orders in SAP, please refer to SAP’s official documentation on Project System Management (PSM) and Functional Group (FG) functions for U.S. Federal Government customers. Additionally, there are many online resources available that provide detailed instructions on how to create and manage reimbursable orders in SAP.