Manual Incoming Payment: Installments 

Displaying Manual Incoming Payment: Installments

Use

In this scenario the tenant is going to pay only a part of his monthly rent. The rest of the rent will be transferred into installment payments.

Procedure

  1. Call up the transaction as follows:
    2.

    Menu Path

    Accounting ® Real Estate Management ® Master Data ® Object Browser

    Transaction Code

    FOOBJECTBROWSER

  2. In the Worklist section of the screen position your cursor on Lease-out worklist and choose . The sets assigned to this worklist will now be visible.
  3. Double-click on set LEASE_OUT. The contents of this set is now displayed in the Real Estate hierarchy part of the screen.
  4. Place the cursor on lease-out 0100.1205.002 and choose .
  5. In the menu that appears select Real Estate Incoming Payments.
  6. Enter the following data:
    7.

    Field

    Data

    Document date

    01/15/2001 [January 15, 2001]

    Posting date

    01/15/2001 [January 15, 2001]

    Bank account

    113100

    Contract

    0100.1205.002

    AccAssAmnt

    100

    Value date

    01/15/2001 [January 15, 2001]

  7. Select the Edit account push button.

    8. At the top section of the screen you can see the company code information, the contract number and the customer number of your tenant. Also note that the incoming payment of $100 is not assigned to any open items.

  8. Choose Open items.
  9. Choose .
  10. Choose once. Here you can see that $1,347.74 are still not assigned (found in the Not assigned field).
  11. Choose Installment.
  12. Enter the following data:
    13.

    Field

    Data

    First run

    03/01/2001 [March 1, 2001]

    Instalment no.

    3

    This informs the system to start the first installment run on March 1, 2001. The installments will then take place every month ( Interval (mnths) = 1), and the amount is going to be divided into three installments.

  13. Choose Instl. The system has automatically calculated the dates and the amounts due for the installments.
  14. Choose Inst.text. The system automatically creates a descriptive text for the installments.
  15. Choose Copy. Check the Not assigned field. The amount there should now equal zero.

    16. DO NOT SAVE THIS TRANSACTION.

  16. Choose .
  17. In the dialog box choose Yes.
  18. Choose until the overview tree appears.

Manual Incoming Payment: Installments (From Your Own Tenant)

Use

In May your tenant informs you that he has financial difficulties. Last month he was unable to pay the entire rental charges for that month which resulted in an additional open item of $2,062. This month he will be able to pay only this last month’s open item. After some discussion you agree to let the tenant pay this months charges of $3,531 in three installments which will start in July 2000.

Procedure

  1. Call up the transaction as follows:
    2.

    Menu Path

    Accounting ® Real Estate Management ® Master Data ® Object Browser.

    Transaction Code

    FOOBJECTBROWSER

  2. In the Worklist section of the screen position your cursor on Rental unit worklist and choose . The sets assigned to this worklist will now be visible.
  3. Double-click on the set crated by you. The contents of your set is now displayed in the Real Estate hierarchy part of the screen.
  4. Place the cursor on your first rental unit/office number and choose .
  5. Place the cursor on your lease-out and choose .
  6. In the menu that appears select Real Estate Incoming Payments.
  7. To clear April's customer underpayment, enter the following data:
    8.

    Field

    Data

    Document date

    05/01/2000

    Posting date

    05/01/2000

    Bank account

    113100

    Contract

    [Your own lease-out number]

    AccAssAmnt

    2062 [The total amount received from tenant in May $2,062.00]

    Value date

    05/01/2000

  8. Choose Edit account.
  9. If you have changed the master tenant with customer account, on the Customer Selection screen, double-click on the current master tenant.
  10. Choose Open items.
  11. Choose .
  12. Choose once. Here you can see that $3,531 are still not assigned (found in the Not assigned field).
  13. Choose Installment.
  14. Enter the following data:
    15.

    Field

    Data

    First run

    07/01/2000

    Installment no.

    3

  15. Choose Instl. The system has automatically calculated the dates and the amounts due for the installments.
  16. Choose Inst.text. The system automatically creates a descriptive text for the installments.
  17. Choose Copy. Check the Not assigned field. The amount there should now equal zero.
  18. Choose .
  19. Choose until the overview tree appears.