What is vehicle type in SAP SRD-FIN-ERM - FIN-Travel and Expense Management?

SAP Term: vehicle type

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: Type classification of vehicles to which the same contractual or company expense regulations apply regarding the reimbursement of mileage expenses. Examples of vehicle types are passenger cars, motorcycles, and boats.

Smart SAP Assistant

• Key Concepts: 
  Vehicle type is a component of the SAP SRD-FIN-ERM FIN-Travel and Expense Management module. It is used to define the type of vehicle used for business travel, such as a car, train, or plane. This information is used to calculate the cost of the trip and to determine the appropriate reimbursement rate. 
  
  How to use it: 
  To use vehicle type in SAP SRD-FIN-ERM FIN-Travel and Expense Management, first select the type of vehicle used for the business trip. This can be done by selecting from a list of predefined vehicle types or by creating a new one. Once selected, the cost of the trip and reimbursement rate will be calculated automatically. 
  
  Tips & Tricks: 
  When selecting a vehicle type, make sure to select one that accurately reflects the type of transportation used for the business trip. This will ensure that the cost and reimbursement rate are calculated correctly. Additionally, if creating a new vehicle type, make sure to include all relevant information such as cost per mile or cost per hour. 
  
  Related Information: 
  For more information on using vehicle type in SAP SRD-FIN-ERM FIN-Travel and Expense Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to use this feature.