What is G/L account contract in SAP RE-FX - Flexible Real Estate Management?

SAP Term: G/L account contract

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A means of transferring amounts from a G/L account to another G/L account. Example: advance payments for heating expenses If the tenant pays less in advance payments than the expected heating expenses, he can use a G/L account contract for building up liability reserves.

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• Key Concepts: 
  G/L account contract is a feature of the RE-FX Flexible Real Estate Management component of SAP. It allows users to define and manage G/L accounts for real estate contracts. G/L accounts are used to track financial transactions and are used to record the financial impact of real estate contracts. 
  
  How to use it: 
  To use G/L account contract, users must first define the G/L accounts that will be used for the real estate contract. This can be done in the G/L Account Contract Maintenance screen. Once the G/L accounts have been defined, users can then assign them to the real estate contract in the Real Estate Contract Maintenance screen. 
  
  Tips & Tricks: 
  When defining G/L accounts for a real estate contract, it is important to ensure that all relevant information is included in the account definition. This includes the account type, currency, and any other relevant information that may be required. Additionally, it is important to ensure that all G/L accounts are properly linked to the real estate contract so that all financial transactions are properly recorded. 
  
  Related Information: 
  For more information on G/L account contracts and how to use them in SAP RE-FX Flexible Real Estate Management, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to use G/L account contracts in SAP RE-FX Flexible Real Estate Management.