What is meals per diem in SAP SRD-FIN-ERM - FIN-Travel and Expense Management?

SAP Term: meals per diem

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: An amount reimbursed to an employee for meals expenses per day.

Smart SAP Assistant

• Key Concepts: 
  Meals per diem is a term used in SAP's Travel and Expense Management component. It refers to the amount of money that an employee is allowed to spend on meals while traveling for business purposes. This amount is typically set by the company and is based on the location of the travel. 
  
  How to use it: 
  In SAP, meals per diem can be set up in the Travel and Expense Management component. The company can set up different meal rates for different locations, and these rates can be adjusted as needed. When an employee submits an expense report, they will enter the amount they spent on meals and this will be compared to the meal rate for that location. If the amount is higher than the rate, then the employee will need to provide additional documentation to justify the expense. 
  
  Tips & Tricks: 
  When setting up meals per diem in SAP, it is important to make sure that the rates are up-to-date and accurate. This will help ensure that employees are not overspending on meals while traveling for business purposes. Additionally, it is important to make sure that employees are aware of the meal rate for their destination so that they can plan accordingly. 
  
  Related Information: 
  SAP's Travel and Expense Management component also includes other features such as travel advance payments, expense reports, and travel reimbursement. Additionally, SAP offers a variety of other components related to finance and accounting such as Financial Accounting (FI), Controlling (CO), and Asset Accounting (AA).