What is other payables in SAP RE - Real Estate Management?

SAP Term: other payables

• Component: RE

• Component Name: Real Estate Management

• Description: Accruals and deferrals for expenses that are posted and paid in arrears. For an accurate assessment of the net income for a particular accounting period, these must be completely or partially allocated to earlier periods from an accounting point of view. In Real Estate, these are payables from vendor contracts in which the rent is paid in arrears.

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• Key Concepts: 
  Other payables in SAP RE Real Estate Management are liabilities that are not related to rent or other contractual obligations. These liabilities can include taxes, insurance, utilities, and other expenses that are incurred in the course of managing a property. 
  
  How to use it: 
  In SAP RE Real Estate Management, other payables are managed through the Other Payables module. This module allows users to track and manage all of their non-rent related liabilities. Users can enter new payables, view existing payables, and make payments on existing payables. 
  
  Tips & Tricks: 
  When entering new payables into the Other Payables module, it is important to ensure that all of the necessary information is entered correctly. This includes the amount of the payable, the due date, and any other relevant information. Additionally, it is important to keep track of all payments made on existing payables in order to ensure that all liabilities are paid on time. 
  
  Related Information: 
  Other payables in SAP RE Real Estate Management are closely related to rent receivables. Rent receivables are managed through the Rent Receivables module and allow users to track and manage all of their rent-related liabilities. Additionally, both modules are closely related to the Accounts Payable module which allows users to manage all of their financial liabilities.