What is internal service charge settlement in SAP RE-FX - Flexible Real Estate Management?

SAP Term: internal service charge settlement

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A type of service charge settlement that is handled internally, without the use of external settlement companies.

Smart SAP Assistant

• Key Concepts: 
  Internal 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 actual usage of services, as well as the automatic settlement of service charges to tenants. 
  
  How to use it: 
  To use internal service charge settlement, you must first set up the relevant master data in SAP. This includes setting up the service charge types, service charge rates, and tenant contracts. Once this is done, you can then use the internal service charge settlement feature to automatically calculate and settle service charges to tenants. 
  
  Tips & Tricks: 
  When setting up the master data for internal service charge settlement, it is important to ensure that all relevant information is entered correctly. This includes entering accurate rates for each service charge type, as well as ensuring that all tenant contracts are set up correctly. Additionally, it is important to regularly review and update the master data to ensure that all information is up-to-date. 
  
  Related Information: 
  For more information on internal service charge settlement in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.