What is separation of assets in SAP RE - Real Estate Management?

SAP Term: separation of assets

• Component: RE

• Component Name: Real Estate Management

• Description: Condominimum owners' association COA Separate accounting and a separate bank account required for for third-party management of property.

Smart SAP Assistant

• Key Concepts: 
  Separation of assets is a feature of SAP Real Estate Management (RE) that allows users to divide a single asset into multiple parts. This feature is useful for tracking and managing assets that have multiple components, such as buildings with multiple floors or apartments. It also allows users to assign different values to each component, making it easier to track the value of each part of the asset. 
  
  How to use it: 
  To use the separation of assets feature in SAP RE, users must first create an asset master record for the asset they wish to divide. This master record will contain information about the asset, such as its location and value. Once the master record is created, users can then create separate sub-assets for each component of the asset. Each sub-asset will have its own value and can be tracked separately from the main asset. 
  
  Tips & Tricks: 
  When creating sub-assets, it is important to make sure that all relevant information is included in the master record. This will ensure that all components of the asset are properly tracked and accounted for. Additionally, it is important to keep track of any changes made to the sub-assets, as these changes may affect the overall value of the asset. 
  
  Related Information: 
  For more information on separation of assets in SAP RE, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_RE/8.0/en-US/f9f3d7a2b6c14e8a9f3d7a2b6c14e8a9.html