Creating Correction Items 

Requirement

Asset is already created in Asset Accounting (FI-AA).

Procedure

  1. There are three ways of creating correction items:
    1. In IS-RE: Choose Accounting ® Real estate management ® Master data ® Objects ® Correction items.
    2. In IS-RE: Choose Accounting ® Real estate management ® Rental management ® Rental accounting ® Input tax processing ® Correction items.
    3. In FI-AA: Choose Accounting ® Financial accounting ® Fixed assets ® Asset ® Create / Change. Enter the asset and choose Environment ® Adjusted fixed asset ® Create.

    You branch to the Correction items input field.

  2. Enter the description for the correction items and press ENTER.
  3. You assign the objects required to the correction items in the dialog box building/property and press ENTER. The rental units belonging to the rental units are assigned to the correction items along with the Real Estate objects selected.
  4. Enter your data in the following screen Create correction items: Basic data. The following information is important:

Field

Information

Opt. rte calc. base

If you choose an automatic determination method, a reference factor (area/room) has to be maintained in the rental unit . Option rate calculation types

Inp. tx phase ID

Enter the ID according to the respective input tax treatment phase of your asset.

Enter the transition from Phase 1 to 2 manually.

The system automatically determines the transitions from Phase 2 to 3 resp. 4 and Phase 3 to 4 resp. 5.

Initial usage

If you have set the ID 2 or 3, you have to enter the initial usage date (rental) of the asset here.

  1. You have further options for processing:

If

Then

you want to change the allocation of the rental units to the correction items,

choose the Rental unit function.

You can assign rental units to the correction items or delete them from the correction items.

you have chosen a manual option rate determination method,

choose the Option rates function.

Enter you option rates here.

In case of an automatic determination of the option rates (after you have performed the Determ.option rates function, the calculated rates are displayed here.

  1. Save your entries.