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

reimbursement rate - Overview

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: Rate for the reimbursement of expenses based on a given unit such as miles, days, or nights.

reimbursement rate - Details

• 
  Key Concepts: 
  Reimbursement rate is a feature of SAP’s Travel and Expense Management component. It is used to define the rate at which an employee will be reimbursed for expenses incurred while traveling for business purposes. The rate is typically based on the type of expense, such as mileage, lodging, or meals. 
  
  How to use it: 
  Reimbursement rates can be set up in the Travel and Expense Management component of SAP. The rate can be set up for each type of expense, such as mileage, lodging, or meals. The rate can also be set up for different locations or countries. Once the rate is set up, it will be automatically applied when an employee submits an expense report. 
  
  Tips & Tricks: 
  When setting up reimbursement rates in SAP, it is important to ensure that the rates are accurate and up-to-date. It is also important to ensure that the rates are compliant with local laws and regulations. 
  
  Related Information: 
  For more information on setting up reimbursement rates in SAP, please refer to the official SAP documentation on Travel and Expense Management.