What is cost account in SAP RE-FX - Flexible Real Estate Management?

SAP Term: cost account

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: G/L account that is charged when invoices are created to bill service charges.

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• Key Concepts: 
  Cost account is a component of the RE-FX Flexible Real Estate Management module in SAP. It is used to track and manage the costs associated with a real estate asset, such as rent, taxes, insurance, and maintenance. The cost account also allows for the tracking of capital expenditures and depreciation. 
  
  How to use it: 
  The cost account is used to record all costs associated with a real estate asset. This includes rent, taxes, insurance, maintenance, capital expenditures, and depreciation. The cost account can be used to track the total cost of ownership for a real estate asset over time. 
  
  Tips & Tricks: 
  When setting up a cost account in SAP, it is important to ensure that all relevant costs are included. This will ensure that the total cost of ownership for a real estate asset is accurately tracked over time. Additionally, it is important to ensure that all costs are properly allocated to the correct cost accounts. 
  
  Related Information: 
  The RE-FX Flexible Real Estate Management module in SAP also includes other components such as lease accounting and asset management. These components can be used in conjunction with the cost account to provide a comprehensive view of the total cost of ownership for a real estate asset.