What is 'fixtures and fittings' in SAP RE - Real Estate Management?

fixtures and fittings - Overview

• Component: RE

• Component Name: Real Estate Management

• Description: The inventory and the condition of real estate using fixtures and fittings characteristics.

fixtures and fittings - Details

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  Key Concepts: 
  Fixtures and fittings are items that are permanently attached to a property, such as built-in furniture, kitchen appliances, and bathroom fixtures. In SAP Real Estate Management (RE), fixtures and fittings are used to manage the assets of a property, including their value, depreciation, and maintenance. 
  
  How to use it: 
  In RE, fixtures and fittings are managed through the Asset Master Data view. This view allows users to enter information about the asset, such as its description, value, depreciation rate, and maintenance costs. This data is then used to calculate the asset's value over time. 
  
  Tips & Tricks: 
  When entering data for fixtures and fittings in RE, it is important to be as accurate as possible. This will ensure that the asset's value is accurately calculated over time. Additionally, it is important to keep track of any changes in the asset's value or condition over time. 
  
  Related Information: 
  For more information on managing fixtures and fittings in RE, please refer to the SAP Help Portal or contact your local SAP representative.