What is input tax adjustment phase in SAP RE - Real Estate Management?

SAP Term: input tax adjustment phase

• Component: RE

• Component Name: Real Estate Management

• Description: A phase that begins and ends in the year in which the asset is initially assigned to the correction item.

Smart SAP Assistant

• Key Concepts: 
  Input tax adjustment phase is a feature of SAP Real Estate Management (RE) that allows users to adjust the input tax amount of a real estate transaction. This feature is used to ensure that the input tax amount is correctly calculated and reported in the system. The adjustment phase can be used to adjust the input tax amount for a single transaction or for multiple transactions. 
  
  How to use it: 
  To use the input tax adjustment phase, users must first enter the details of the real estate transaction into the system. Once the details have been entered, users can then adjust the input tax amount for the transaction. This can be done by entering the new input tax amount in the “Input Tax Adjustment” field. The system will then recalculate the input tax amount based on the new value entered. 
  
  Tips & Tricks: 
  When adjusting the input tax amount, it is important to ensure that all relevant information is entered correctly. This includes entering the correct date, currency, and other details related to the transaction. Additionally, it is important to ensure that all adjustments are made in accordance with local laws and regulations. 
  
  Related Information: 
  For more information about SAP Real Estate Management and its features, please refer to SAP’s official documentation. Additionally, there are many online resources available that provide detailed information about SAP RE and its features.