What is one-time correction in SAP RE - Real Estate Management?

SAP Term: one-time correction

• Component: RE

• Component Name: Real Estate Management

• Description: Input tax correction An input tax correction, performed once only, for fixed assets that are purchased for immediate resale or fixed assets purchased and sold before actually being used. The correction period for a one-time correction is zero months.

Smart SAP Assistant

• Key Concepts: 
  One-time correction is a feature in SAP Real Estate Management (RE) that allows users to make a single correction to an existing document. This correction can be used to correct errors or update information in the document. The correction is applied to the original document and all subsequent documents that reference it. 
  
  How to use it: 
  To use one-time correction, users must first select the document they wish to correct. Then, they must enter the new information or correct the existing information. Once the changes have been made, users must save the document and select the “one-time correction” option. This will apply the changes to all subsequent documents that reference the original document. 
  
  Tips & Tricks: 
  When using one-time correction, it is important to double-check all changes before saving them. This will ensure that all documents are updated correctly and that no errors are introduced into the system. Additionally, it is important to remember that one-time corrections are permanent and cannot be undone. 
  
  Related Information: 
  One-time corrections are just one of many features available in SAP Real Estate Management (RE). Other features include lease management, asset management, and reporting tools. For more information about these features, please refer to SAP’s official documentation or contact your local SAP representative.