Abstract
We saw in an earlier chapter that real estate contracts are formed between two parties, where the lessor is the legal owner of the asset and provides the lessee the right to use the asset for consideration, which is a rental payment. The contract is an agreement entered into by both parties and covers details like property, term, rental amount, terms, and conditions. The SAP REFX module provides various tabs in which to capture these details at the time of contract creation. It also updates accounting data once periodic postings are carried out.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2016 Jayant Daithankar
About this chapter
Cite this chapter
Daithankar, J. (2016). Accounting. In: SAP Flexible Real Estate Management. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-1482-4_4
Download citation
DOI: https://doi.org/10.1007/978-1-4842-1482-4_4
Published:
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4842-1483-1
Online ISBN: 978-1-4842-1482-4
eBook Packages: Professional and Applied ComputingApress Access BooksProfessional and Applied Computing (R0)