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

SAP Term: per diem area

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: A country and region to which a certain per diem rate applies.

Smart SAP Assistant

• Key Concepts: 
  Per diem area is a feature of SAP's Travel and Expense Management component. It is used to define the daily allowance for a particular country or region. This allowance is used to calculate the total cost of a business trip, including meals, lodging, and other expenses. 
  
  How to use it: 
  To use the per diem area feature, you must first define the country or region for which you want to set the allowance. You can then enter the daily allowance amount for each type of expense (meals, lodging, etc.). This information will be used to calculate the total cost of a business trip. 
  
  Tips & Tricks: 
  When setting up a per diem area, make sure to enter accurate information about the country or region you are defining. This will ensure that the total cost of a business trip is calculated correctly. Additionally, you can set up multiple per diem areas for different countries or regions if needed. 
  
  Related Information: 
  For more information about setting up and using per diem areas in SAP's Travel and Expense Management component, please refer to the official SAP documentation.