What is settlement reference date in SAP RE - Real Estate Management?

SAP Term: settlement reference date

• Component: RE

• Component Name: Real Estate Management

• Description: Reference date of the settlement of the document. The reference date identifies the settlement period for account assignment of an invoice. Entering a reference date is required when you post to real estate contracts or rental objects from settlement units or for directly assigned costs.

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• Key Concepts: 
  Settlement reference date is a term used in SAP Real Estate Management (RE-FX) to refer to the date on which a contract is settled. This date is used to determine when the contract is considered to be legally binding and when payments are due. It is also used to calculate the duration of the contract and any associated costs. 
  
  How to use it: 
  The settlement reference date is set when a contract is created in SAP RE-FX. This date can be changed at any time, but it must be updated in order for the contract to remain valid. The settlement reference date is also used to calculate the duration of the contract and any associated costs. 
  
  Tips & Tricks: 
  It is important to ensure that the settlement reference date is accurate and up-to-date in order for the contract to remain valid. It is also important to keep track of any changes made to the settlement reference date, as this can affect the duration of the contract and any associated costs. 
  
  Related Information: 
  For more information on settlement reference dates in SAP RE-FX, please refer to the SAP Help Portal or contact your local SAP support team.