What is flow type in SAP RE - Real Estate Management?

SAP Term: flow type

• Component: RE

• Component Name: Real Estate Management

• Description: A means of classifying a particular cash flow. The flow type influences account determination and is typically derived from the condition type.

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• Key Concepts: 
  Flow type is a feature in SAP Real Estate Management (RE) that allows users to define and manage the different types of flows that occur in a real estate transaction. Flow types are used to define the different stages of a transaction, such as the initial offer, the negotiation process, and the final agreement. They also help to ensure that all relevant information is captured and tracked throughout the process. 
  
  How to use it: 
  Flow types are used to define the different stages of a real estate transaction. Each flow type has its own set of parameters, such as the duration of the flow, the type of documents required, and any additional information that needs to be collected. Once a flow type is defined, it can be used to create a workflow for each transaction. This workflow will guide users through each step of the process, ensuring that all relevant information is captured and tracked. 
  
  Tips & Tricks: 
  When creating flow types, it is important to consider how they will be used in practice. Think about what information needs to be collected at each stage of the process and how long each stage should take. This will help ensure that all relevant information is captured and tracked throughout the transaction. 
  
  Related Information: 
  For more information on flow types in SAP Real Estate Management, please refer to SAP Help Portal: https://help.sap.com/viewer/product/REAL_ESTATE_MANAGEMENT/100/en-US