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SAP REFx Online Training I Real Estate Management Life Cycle in SAP 📘 SAP RE-FX and Master Data – Usage View: Overview SAP RE-FX (Flexible Real Estate Management) is an advanced module in SAP ERP that provides end-to-end functionality for managing real estate portfolios, whether owned or leased. It supports both financial and operational processes, making it essential for organizations dealing with property management, leasing, and real estate contracts. A core component of SAP RE-FX is the setup and maintenance of master data, which forms the backbone of all transactions and reporting within the module. 🧩 Master Data in SAP RE-FX Master data in RE-FX defines the structure and characteristics of real estate objects. It includes: Business Entities Buildings Rental Objects (e.g., apartments, offices) Land Architectural Spaces Contracts These objects are hierarchically related and provide a clear framework for managing physical real estate assets. 📑 Usage View in Master Data The Usage View is one of the key views in RE-FX master data. It defines how a real estate object (like a building or rental unit) is intended to be used operationally and commercially. This includes: Usage Type – For example, residential, commercial, warehouse, etc. Occupancy Status – Indicates whether the object is occupied, vacant, or under renovation. Business Purpose – How the space is utilized (e.g., for internal operations or external leasing). Relevant Dates – When the usage is valid from/to. Reference to Cost Centers or Profit Centers – For internal cost allocations. 🔹 Why Usage View is Important: Determines availability of the object for leasing or internal use Impacts valuation, reporting, and contract assignment Helps in space optimization and revenue tracking Ensures compliance with accounting standards (IFRS 16/ASC 842) in leasing scenarios #SAPOnlineTraining #LearnSAP #SAPTraining #SAPCourses #OnlineSAPCourse #SAPCertification #SAPTutorial #SAPLearning #SAPForBeginners #SAPSkills #SAPReFx #SAPREFXTraining #SAPREFXMasterData #REBDBE #SAPBusinessEntity #LearnSAP #SAPOnlineTraining #SAPRealEstate #SAPREFXTutorial #SAPForBeginners #SAPReFx #REBDBE #SAPREFXTraining #SAPBusinessEntity #SAPTutorial #SAPOnlineTraining