Assigning Owners

Use
To assign owners with their respective owner shares.

If you wish to carry out an owner settlement based on a particular owner, you first have to create
a vendor account for each owner in Financial Accounting ( see also : Partners for Owner Management
).

Procedure
1. Choose the Owner tab.

2.

If you have already maintained owners on the business entity level, the owner factor of the
business entity is already set and no further entry is required for the other master data objects.

3. There are several possibilities to assign or create an owner.

Caution

To carry out an owner settlement, you must have:

• Created a vendor account for each owner

• Assigned the vendor account (vendor) in the master data of the owner

You do so by editing the owner master data (refer to table below for further details): Goto General
data Control : Assign the owner vendor account here.

Then choose Goto Company code Control : Flag the vendor indicator.

Action Choose
Assign partner with Owner role Assign partner
Create partner with Owner role Create natural person or create organization
Edit data on owner Choose required owner and select Change
owner .

You can now edit the master data for the business
partner.
Copy the owners of the business entity within the Edit Owner Copy from BE.
master data of a building or property
 This function is only active if no owners are
assigned to the property or building.
Note

You can change the owner factor set.

Result
After saving the owner master data, a partner with role owner 800 now exists:

• As customer (automatic creation of a customer account in Financial Accounting)

• With assignments of the corresponding vendor account

Further steps

Assign the owner customer account in the master data of the owner vendor account.

This enables you to carry out the owner settlement.

If no owner has been entered on the lowest level of the object hierarchy (for instance building),
the owner of the higher-level object (for instance higher-level building or business entity) is used.