What is object mandate company code in SAP RE-FX - Flexible Real Estate Management?

SAP Term: object mandate company code

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Third-party management A company code in which you map all real estate objects and processes of an owner.

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• Key Concepts: 
  Object mandate company code is a feature of SAP RE-FX Flexible Real Estate Management. It allows users to assign a company code to an object, such as a property or lease, so that all financial transactions related to that object are automatically posted to the assigned company code. This helps streamline the accounting process and ensures accuracy. 
  
  How to use it: 
  To use the object mandate company code feature, users must first create a company code in the system. Then, they can assign the company code to an object by entering it in the relevant field in the object’s master data. All financial transactions related to that object will then be posted to the assigned company code. 
  
  Tips & Tricks: 
  It is important to ensure that all objects have a valid company code assigned before any financial transactions are posted. This will help avoid errors and ensure accuracy in the accounting process. 
  
  Related Information: 
  For more information on SAP RE-FX Flexible Real Estate Management and its features, please refer to the official SAP documentation.