What is 'settlement amount' in SAP SRD-FIN-ERM - FIN-Travel and Expense Management?

settlement amount - Overview

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: An amount in the currency in which the expense report is paid out. Since the settlement amount includes paid expenses, it can differ from the reimbursement amount.

settlement amount - Details

• 
  Key Concepts: 
  Settlement amount is a term used in SAP SRD-FIN-ERM FIN-Travel and Expense Management. It is the total amount of money that an employee is entitled to receive for their travel and expense claims. This amount is calculated based on the employee's actual expenses, as well as any additional allowances or reimbursements that may be due. 
  
  How to use it: 
  In order to calculate the settlement amount, the employee must first enter their travel and expense claims into the system. This includes all relevant information such as dates, locations, and amounts spent. Once all of this information has been entered, the system will automatically calculate the total settlement amount due to the employee. 
  
  Tips & Tricks: 
  It is important to ensure that all of the information entered into the system is accurate and up-to-date. This will help to ensure that the settlement amount is calculated correctly and that the employee receives the correct amount of money. Additionally, it is important to keep track of any additional allowances or reimbursements that may be due to the employee, as these can affect the final settlement amount. 
  
  Related Information: 
  For more information on SAP SRD-FIN-ERM FIN-Travel and Expense Management, please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed tutorials and guides on how to use this software.