What is business entity in SAP RE - Real Estate Management?

SAP Term: business entity

• Component: RE

• Component Name: Real Estate Management

• Description: A grouping characteristic used for a real estate object. Real estate objects can be logically grouped depending on their economic business purpose or geographical location.

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• Key Concepts: 
  A business entity is a term used in SAP Real Estate Management (RE) to refer to a company or organization that owns or leases real estate. It is used to identify the owner or tenant of a property and can be used to track financial transactions related to the property. 
  
  How to use it: 
  In SAP RE, business entities are used to store information about the owner or tenant of a property. This information includes contact details, financial information, and other relevant data. Business entities can also be used to track financial transactions related to the property, such as rent payments and maintenance costs. 
  
  Tips & Tricks: 
  When creating a business entity in SAP RE, it is important to ensure that all relevant information is entered accurately. This will help ensure that financial transactions are tracked correctly and that all necessary data is available when needed. 
  
  Related Information: 
  For more information on business entities in SAP RE, please refer to the official SAP documentation.