What is correction object in SAP RE - Real Estate Management?

SAP Term: correction object

• Component: RE

• Component Name: Real Estate Management

• Description: Object or measure for which input tax has to be corrected according to German law. It can be one of the following: Fixed asset or intangible asset Current asset Subsequent acquisition and production costs for asset Other equipment or services that subsequently become part of the asset Even services that do not become part of the asset

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• Key Concepts: 
  Correction objects are used in SAP Real Estate Management (RE) to make corrections to existing data. They are used to correct errors in the system, such as incorrect values or incorrect data entries. Corrections can be made to any of the RE objects, such as contracts, leases, and properties. 
  
  How to use it: 
  To use a correction object, first select the object you want to correct. Then enter the correction data into the correction object. Once the data is entered, you can save the correction object and it will be applied to the original object. 
  
  Tips & Tricks: 
  When making corrections with a correction object, it is important to make sure that all of the data is correct before saving it. This will ensure that the corrections are applied correctly and that no errors are introduced into the system. 
  
  Related Information: 
  For more information on correction objects in SAP RE, please refer to the SAP Help documentation.