SAPexperts Explains How to "Manage Travel Expense Trip Settlements Based on Trip Status"

SAPexperts posted a new article to its Financials hub. End Quote

Boston, MA-NH (1888PressRelease) January 16, 2014 - SAPexperts posted a new article to its Financials hub, "Manage Travel Expense Trip Settlements Based on Trip Status".

Before settlement of an employee's travel expense can be made in SAP Travel Management, you need to ensure that the trip is approved correctly as per the procedure set by an organization's corporate policy. In this article, you will see how you can do the trip settlement in transaction PREC based on trip status. Learn how to:

• Enable the settlement of the trips based on trip status in SAP Travel Management to ensure that only relevant trips are settled and accounted for as per corporate policy
• Use two options to control trip settlement

Transaction PRAP is for AP clerk approval, and transaction PREC is for settlement. Both have different purposes. A standard SAP system provides functionality to select trips based on the status in PRAP (AP clerk approval) and not in PREC (trips settlement).

The article is located at: http://sapexperts.wispubs.com/Financials

About the Author:
Gaurav Aggarwal is a lead consultant at Infosys Limited with around eight years of experience. He has expertise in both SAP FI and SAP CO with integration to other modules in manufacturing and process industries. He is a chartered accountant and SAP Certified Financial Consultant. He holds a bachelor's degree in commerce. He is a techno-functional expert with thorough knowledge of the necessary ABAP for functional experts.

About SAPexperts:
SAPexperts, produced by WIS Publishing, is an independent online resource that publishes step-by-step articles, video tutorials, case studies, quick tips, and tools for SAP professionals. Content is divided among nine major SAP topic areas, called "hubs," and include expertise in the areas of Financials, BI, SCM, HR, CRM, GRC, Solution Manager, Project Management, and IT. Access to SAPexperts.com is obtained through annual subscriptions. More information can be found at http://www.sapexperts.com.

About WIS Publishing:
WIS Publishing is the premier independent provider of SAP training materials, with more than 250,000 customers in 61 countries. WIS Publishing is the publisher of SAPinsider, insiderPROFILES, and the SAPexperts publications, and is the producer of the SAPinsider conferences. For more information, visit http://sapinsider.wispubs.com.

SAP is a registered trademark of SAP AG in Germany and several other countries. WIS Publishing is not affiliated with SAP AG or any of the SAP AG group of companies.

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