What is external service charge settlement in SAP (RE-FX - Flexible Real Estate Management)?

SAP Term: external service charge settlement

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A type of service charge settlement that is performed solely by an external settlement company.

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• Key Concepts: 
  External service charge settlement is a feature of the RE-FX Flexible Real Estate Management component of SAP. It allows for the automatic calculation and settlement of service charges for tenants in a real estate portfolio. This includes the calculation of service charges based on the tenant's contract, as well as the automatic generation of invoices and payment documents. 
  
  How to use it: 
  To use external service charge settlement, you must first set up the relevant master data in the system. This includes setting up the tenant contracts, service charges, and payment terms. Once this is done, you can then use the external service charge settlement feature to automatically calculate and settle service charges for tenants. 
  
  Tips & Tricks: 
  When setting up the master data for external service charge settlement, it is important to ensure that all relevant information is entered correctly. This includes entering the correct payment terms and service charges for each tenant contract. Additionally, it is important to ensure that all invoices and payment documents are generated correctly. 
  
  Related Information: 
  For more information on external service charge settlement in SAP RE-FX, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.