Tenant service charge settlement: AP transfer - Serv.charge sttlmnnt

Description

The following situation exists for the service charge settlement according to the Austrian-specific tenant service charge principle.

The tax code of the tenant who made the advance payments is different from that of the tenant at the time of the service charge settlement. According to the tenant service charge settlement, the advance payments have to be credited to the latter using his own tax code. This function will be possible from release F3.04/2 or 4.0B. Previously the advance payments were credited using the original tax code.

Example:

Settlement period 1/1/-6/30/1997, advance payments made:

Period Tenant Tax code AP w.tx. Net Tax
________________________________________________________________________
01/01-02/15/97 Miller A1 (20%) 180.00 150.00 30.00
02/06-04/30/97 Vacancy 0% 250.00 250.00 0.00
05/01-12/31/98 Smith A2 (10%) 220.00 200.00 20.00

Total advance payments with tax: 650.00

The service charge settlement is carried out in the second half of 1997, consequently Smith is the tenant who has to pay service charges according to the Austrian tenant service charge principle. If you calculate the imputed tax share according to the tax code of the payee (Smith, 10%), the following tax adjustments are necessary:

Period Tenant Tax code AP w.tx. Tax Correction
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01/01-02/15/97 (Miller) A2 (10%) 165.00 15.00 -15.00
02/06-04/30/97 (Vacancy) A2 (10%) 275.00 25.00 +25.00
05/01-12/31/98 Smith A2 (10%) 220.00 20.00 0.00
This results in a tax adjustment of 10.00.
Costs incurred on SU : 1000.00 (for example)
Advance payments made : 650.00
Tax adjustment: 10.00
________
Outstanding: 340.00

Tax adjustment made in service charge settlement:

Postings for tax adjustment in this example

After the service charge settlement is carried out, a few additional posting lines are added to the batch input session. Here is the general posting log for this example. The new posting lines are identified by the text *Output tax transfer posting. The output tax account (in example 175000) should no longer be set as "Post automatically only".

Real Estate - General posting log

Itm PK Amount TC Text G/L acc Cust/Vend
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001 40 591.16 V0 467130 Receivable
002 40 408.84 V0 467132 not cleared
003 50 1.000.00- V0 467031 OC expense
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001 16 180.00- A1 *Crd.fr.trs. AP 140000 Smith
002 50 30.00- A1 *Trs. outpt tx 175000 Output tax
003 06 30.00 A1 *Trs. outpt tx 140000 Smith
004 16 15.00- A2 *Trs. outpt tx 140000 Smith
005 40 15.00 A2 *Trs. outpt tx 175000 Output tax
006 09 180.00 A1 163020 Miller
007 40 30.00 A1 175000 Output tax
008 50 30.00- A1 170010 Tax clearing
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001 16 220.00- A2 *Crd.fr.trs. AP 140000 Smith
002 09 220.00 A2 163020 Smith
003 40 20.00 A2 175000 Output tax
004 50 20.00- A2 170010 Tax clearing
________________________________________________________________________
001 40 250.00 V0 *Crd.fr.trs.imp.AP 840017 Vac.revenue
002 16 250.00- V0 *Crd.fr.trs.imp.AP 140000 Smith
003 40 25.00 A2 *Trs. outpt tx. 175000 Output tax
004 16 25.00- V0 *Trs. outpt tx. 140000 Smith
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001 01 1,100.00 A2 *Rec.stt.AP ht.exp. 140250 Smith
002 50 1,000.00- A2 *Rec.stt.AP ht.exp. 840060 Stt.revenue
003 50 100.00- A2 *Rec.stt.AP ht.exp. 175000 Output tax
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