What is COA settlement in SAP RE-FX - Flexible Real Estate Management?

SAP Term: COA settlement

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Condominium Owners' Association COA A process required at the close of the fiscal year of a condominium owners' association. COA settlement distributes the actual costs and revenues of the condominium owners' association to the members of the association the condominium owners. The rules for this settlement are recorded in the declaration dividing common property and separately owned property. German law requires that the assessments paid based on the annual budget be offset against the actual costs incurred by the owners as stated in the COA settlement.

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• Key Concepts: 
  COA settlement is a process in SAP RE-FX Flexible Real Estate Management that allows for the reconciliation of accounts receivable and accounts payable. It is used to ensure that all transactions are properly accounted for and that all payments are made on time. The process involves the comparison of the accounts receivable and accounts payable to determine any discrepancies or differences between them. 
  
  How to use it: 
  The COA settlement process begins with the creation of a settlement document. This document contains all of the necessary information about the accounts receivable and accounts payable, including the amounts due, payment dates, and any other relevant information. Once this document is created, it is then sent to the appropriate parties for review and approval. Once approved, the settlement document is then used to reconcile the accounts receivable and accounts payable. 
  
  Tips & Tricks: 
  When using COA settlement, it is important to ensure that all of the necessary information is included in the settlement document. This includes payment dates, amounts due, and any other relevant information. Additionally, it is important to ensure that all parties involved in the process are aware of their responsibilities and deadlines. 
  
  Related Information: 
  For more information on COA settlement in SAP RE-FX Flexible Real Estate Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide additional tips and tricks for using COA settlement effectively.