The Rent Accounting component
is integrated with accounts receivable in Financial Accounting
(open item accounting).
All financial transactions are conducted with contracting
parties. The postings are recorded at the lowest level per rental
unit and contract:
position Contract debit
positions are used for posting/reversing receivables due from the
tenant at contract level.Where a rental unit is unoccupied, a debit
position will post imputed items to the cost center specified in
the rental unit.
Accrual/deferral Expenses and revenues/receivables for rent paid at the
beginning, middle, or end of the relevant period are assigned to
the correct accounting period.
The dunning program is identical to the one used in accounts
receivable in Financial Accounting.
One-time postings cover all the functions required for recording
rental agreement postings and assigning them to a specific account.
Receivables are transferred straight to the master tenant
(customer) using one-time postings.
There are several types of payment transaction:
Automatic incoming payments
Manual incoming payments
Follow-up postings (where an automatic incoming payment is
The system automatically clears any open items in the customer’s
name or transfers an advance payment request into an advance