What is quarter days in SAP RE-FX - Flexible Real Estate Management?

SAP Term: quarter days

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: Fixed periods for generating the cash flow Annual rent for a rental object can be divided into equal portions, although the periods themselves are of unequal length. This procedure is standard in certain countries. In the United Kingdom, this use of fixed periods is referred to as quarter days.

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• Key Concepts: 
  Quarter days are a unit of measurement used in the RE-FX Flexible Real Estate Management component of SAP. Quarter days are used to measure the length of a rental period, and are equal to one-fourth of a day. For example, a rental period of two quarter days would be equal to half a day. 
  
  How to use it: 
  Quarter days can be used in the RE-FX Flexible Real Estate Management component of SAP to measure the length of a rental period. When creating a rental agreement, users can specify the length of the rental period in quarter days. The system will then calculate the total cost of the rental based on the number of quarter days specified. 
  
  Tips & Tricks: 
  When creating a rental agreement, it is important to ensure that the number of quarter days specified is accurate. This will ensure that the total cost of the rental is calculated correctly. Additionally, it is important to remember that quarter days are equal to one-fourth of a day, so if a rental period is two days long, it should be specified as eight quarter days. 
  
  Related Information: 
  For more information on using quarter days in SAP RE-FX Flexible Real Estate Management, please refer to the official SAP documentation. Additionally, there are many online tutorials and resources available that provide step-by-step instructions on how to use this feature.