What is returned debit memo in SAP RE - Real Estate Management?

SAP Term: returned debit memo

• Component: RE

• Component Name: Real Estate Management

• Description: Example for condominium owners' association: If the tenant and landlord agree on using an automatic debiting procedure for rent payments, then the tenant has to supply the necessary automatic debit authorization to the landlord's bank. After the amount is posted on the landlord's account, you find out that the tenant did not want to take part in automatic debiting after all. The amount then has to be debited from the landlord's account, and a returned debit memo is sent to the landlord.

Smart SAP Assistant

• Key Concepts: 
  A Returned Debit Memo (RDM) is a document used in SAP Real Estate Management (RE) to record the return of a payment from a tenant to a landlord. It is used to document the return of a payment that was previously made by the tenant, and can be used to adjust the tenant's account balance. 
  
  How to use it: 
  In SAP RE, an RDM is created when a tenant returns a payment that was previously made. The RDM is used to adjust the tenant's account balance, and can be used to document the return of the payment. The RDM can also be used to document any additional fees or charges associated with the return of the payment. 
  
  Tips & Tricks: 
  When creating an RDM, it is important to ensure that all relevant information is included in the document. This includes the amount of the returned payment, any additional fees or charges associated with the return, and any other relevant information. Additionally, it is important to ensure that all relevant parties are notified of the return of the payment. 
  
  Related Information: 
  For more information on Returned Debit Memos in SAP RE, please refer to SAP Help documentation. Additionally, there are several online resources available that provide detailed information on how to create and manage RDMs in SAP RE.