What is index class in SAP RE - Real Estate Management?

SAP Term: index class

• Component: RE

• Component Name: Real Estate Management

• Description: A classification of index series by determining the most important characteristics. This includes: Age-dependency or year-dependency Historical indexing

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• Key Concepts: 
  Index class is a feature of SAP Real Estate Management (RE) that allows users to define and manage index classes for rent and service charge calculations. Index classes are used to define the index values that are used in the calculation of rent and service charges. The index class contains the index values for a specific period of time, such as a year or a quarter. 
  
  How to use it: 
  To use index classes in SAP RE, users must first create an index class in the system. This can be done by entering the index values for each period of time into the system. Once the index class is created, it can be used in rent and service charge calculations. The index class can also be used to adjust rent and service charges over time, as the index values change. 
  
  Tips & Tricks: 
  When creating an index class, it is important to ensure that all of the necessary information is entered correctly. This includes the start and end dates for each period of time, as well as the corresponding index values. It is also important to ensure that all of the necessary information is updated regularly, as this will ensure that rent and service charge calculations are accurate. 
  
  Related Information: 
  For more information on using index classes in SAP RE, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are several online resources available that provide detailed information on how to use index classes in SAP RE.