Understanding Property and Building Information
Properties and buildings are business units. A property can be a building or group of buildings. A building is the minimum required element for facility information and is the most specific level by which you can group accounts. To provide greater flexibility, you can associate buildings with a common property. When you set up a building, you must assign it to a company. You set up and maintain information for properties and buildings in the Property/Building Information program (P15062). The system stores building and property information in the Business Unit Master (F0006), Area Master (F1514), and Log Standard Master (F1523) tables.
When you set up relationships between properties and buildings that are associated with one another, consider assigning numbers in numeric sequence. For example, suppose that property 15001 has three buildings that are associated with it. You could set up the buildings as 40001, 50001, and 60001. A building that is associated with building 40001 could be 40002, and so on.