What is expense settlement recalculation in SAP SRD-FIN-ERM - FIN-Travel and Expense Management?

SAP Term: expense settlement recalculation

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: The recalculation of the settlement results of expense reports. Settlement results are recalculated in cases where reimbursement rates or other factors are changed after the expense report is settled.

Smart SAP Assistant

• Key Concepts: 
  Expense settlement recalculation is a feature of SAP's Travel and Expense Management component. It allows users to recalculate the total amount of an expense settlement based on the current exchange rate. This ensures that the total amount of the expense settlement is accurate and up-to-date. 
  
  How to use it: 
  To use the expense settlement recalculation feature, users must first enter the details of the expense settlement, including the currency, exchange rate, and total amount. Once this information is entered, users can select the “Recalculate” button to recalculate the total amount based on the current exchange rate. 
  
  Tips & Tricks: 
  It is important to remember to recalculate the total amount of an expense settlement before submitting it for approval. This will ensure that the total amount is accurate and up-to-date. Additionally, users should always double-check their calculations before submitting an expense settlement for approval. 
  
  Related Information: 
  For more information about SAP's Travel and Expense Management component, please visit SAP's website at https://www.sap.com/products/travel-expense-management.html. Additionally, users can find more detailed instructions on how to use the expense settlement recalculation feature in SAP's help documentation at https://help.sap.com/viewer/product/SRD_FIN_ERM/latest/en-US/.