What is passenger reimbursement rate in SAP SRD-FIN-ERM - FIN-Travel and Expense Management?

SAP Term: passenger reimbursement rate

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: A reimbursement due to an employee per mile or kilometer for each passenger carried in the employee's private car.

Smart SAP Assistant

• Key Concepts: 
  Passenger reimbursement rate is a feature of SAP’s Travel and Expense Management component. It is used to define the maximum amount that an employee can be reimbursed for a particular type of travel expense. This rate is based on the type of travel, such as airfare, train fare, or car rental. 
  
  How to use it: 
  The passenger reimbursement rate is set up in the Travel and Expense Management component of SAP. The rate can be set up for each type of travel expense, such as airfare, train fare, or car rental. The rate can also be set up for different types of travelers, such as business travelers or leisure travelers. 
  
  Tips & Tricks: 
  When setting up the passenger reimbursement rate, it is important to consider the type of traveler and the type of travel expense. For example, if the traveler is a business traveler, the rate should be higher than if the traveler is a leisure traveler. Additionally, if the travel expense is for airfare, the rate should be higher than if it is for car rental. 
  
  Related Information: 
  The passenger reimbursement rate is just one feature of SAP’s Travel and Expense Management component. Other features include travel request management, expense report management, and payment processing. Additionally, SAP offers other components that are related to Travel and Expense Management, such as Travel Management and Procurement & Supplier Network.