What is trivial amount in SAP RE - Real Estate Management?

SAP Term: trivial amount

• Component: RE

• Component Name: Real Estate Management

• Description: Under German law, trivial amounts as defined in the German Ordinance Regulating Turnover Tax that determine whether or not to perform an adjustment of the input tax deduction in the input tax correction phase.

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• Key Concepts: 
  A trivial amount is a small amount of money that is not worth the effort to record or track. In SAP Real Estate Management (RE), trivial amounts are amounts that are below a certain threshold and are not considered significant enough to be recorded in the system. 
  
  How to use it: 
  In RE, trivial amounts are used to simplify the accounting process. When a transaction involves a trivial amount, it is not recorded in the system and is instead treated as a zero-value transaction. This simplifies the accounting process and reduces the amount of time spent on recording and tracking small transactions. 
  
  Tips & Tricks: 
  When dealing with trivial amounts, it is important to remember that they are not recorded in the system. This means that they will not appear on any financial reports or statements. It is also important to remember that the threshold for what constitutes a trivial amount may vary from company to company, so it is important to check with your organization’s accounting department for their specific threshold. 
  
  Related Information: 
  For more information on trivial amounts in SAP RE, please refer to the SAP Help Portal or contact your organization’s accounting department.