What is price code in SAP RE-FX - Flexible Real Estate Management?

SAP Term: price code

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A schema that defines a complex set of criteria for determining a price using an assigned derivation rule.

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• Key Concepts: 
  Price code is a feature of the RE-FX Flexible Real Estate Management component of SAP. It is used to define the pricing structure for a particular real estate transaction. Price codes are used to determine the amount of rent, taxes, and other fees associated with a particular transaction. 
  
  How to use it: 
  Price codes are created in the RE-FX Flexible Real Estate Management component of SAP. They can be used to define the pricing structure for a particular real estate transaction. The price code can be used to determine the amount of rent, taxes, and other fees associated with a particular transaction. 
  
  Tips & Tricks: 
  When creating a price code, it is important to consider the specific needs of the transaction. For example, if the transaction involves multiple tenants, it may be necessary to create separate price codes for each tenant. Additionally, it is important to ensure that all applicable taxes and fees are included in the price code. 
  
  Related Information: 
  For more information on using price codes in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use price codes in SAP RE-FX Flexible Real Estate Management.