Accounting (RE-FX)
Definition
Accounts payable and receivable in the form of open item accounting.
Implementation Considerations
This component is required if you rent real estate objects and intend to carry out accounting transactions and rent collection on them.
In the Flexible Real Estate Management component, accounting for Real Estate Management is initially processed in Customizing, regardless of the accounting system, and then assigned to the Financial Accounting (FI) component.
Purpose
Accounting for Flexible Real Estate Management interfaces with the Financial Accounting (FI) component, where all postings and financial transactions with contract partners are executed. Postings are carried out at the lowest level for each rental object and
Real Estate contract.Integration
You need to install the R/3 components Financial Accounting (FI) and Controlling (CO) as well as the Plug-In (PI package).
Features
Accounting is divided into the following activities:
Periodic Postings
The
periodic posting on contracts posts or reverses receivables and payables to the respective contract partner for each contract.The periodic posting for
vacant rental objects posts imputed vacancy costs.One-Time Postings
The
"one-time posting" function contains all the functions you require for creating and uniquely assigning a posting to a contract. You use one-time postings to pass on your receivables directly to the customer (master tenant) if these are not included in the periodic posting.Display of Real Estate-Specific Documents
Use this function to select documents that have been created in the course of the periodic posting and service charge settlement. You can access these documents via the posting log or cash flows.
Dunning
The dunning program gives you access to all the functions of dunning. The dunning program is identical to the dunning program of accounts receivable accounting in Financial Accounting, however certain special functions are taken into account in Flexible Real Estate Management.
Cash flow
You can display two cash flows in contract processing.