What is 'operating costs' in SAP RE - Real Estate Management?

operating costs - Overview

• Component: RE

• Component Name: Real Estate Management

• Description: Service charges that are incurred by the properties and assigned to the operating costs group in Customizing. They are represented by the service charge key. Operating costs are apportioned to the tenants in the service charge settlement.

operating costs - Details

• 
  Key Concepts: 
  Operating costs are the costs associated with running a business or organization. In SAP Real Estate Management (RE), operating costs are the costs associated with the day-to-day operations of a real estate portfolio, such as maintenance, repairs, and utilities. 
  
  How to use it: 
  In SAP RE, operating costs can be tracked and managed in the system. This includes setting up cost centers and cost elements to track different types of expenses, as well as creating budget plans to monitor and control spending. The system also allows users to generate reports to analyze operating costs over time. 
  
  Tips & Tricks: 
  When setting up cost centers and cost elements in SAP RE, it is important to ensure that they are properly categorized and labeled so that they can be easily identified in reports. Additionally, it is important to regularly review budget plans to ensure that spending is staying within the allocated budget. 
  
  Related Information: 
  For more information on operating costs in SAP RE, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/REAL_ESTATE_MANAGEMENT/100/en-US