Frequency Term: Quarter Days (UK) 
Use
You can specify that an annual rent is divided into equal portions, although the periods themselves are of unequal length. This procedure is standard in certain countries. In the United Kingdom, this use of fixed periods is referred to as quarter days.
Prerequisites
To specify the periods for cash flow calculation, choose
SAP Customizing Implementation Guide ® Flexible Real Estate Management (Enterprise Extension) ® Conditions and Flows ® Calculation of Periods and Due Dates ®Define Fixed Periods (For Example, Quarter Days)
If you do not define any fixed periods here, then the Fixed Periods field does not appear when you process the frequency term in the rental object or contract master data. In this way, you can avoid incorrect entries in this field.
Features
In Customizing you can specify how a calendar year is split into fixed periods for calculating the cash flow. You assign a key to each set of fixed periods. In the frequency term of the contract or rental object, you can then use this key to specify that the annual amount should be split into equal amounts for these periods (even if they have varying lengths).
For more information, see the Example for Cash Flow Generation below.
The following applies when you use fixed periods:
· The same amount is paid in each full period.
· The amount is calculated by dividing the annual condition amount by the number of periods defined in Customizing.
· You can specify one period in Customizing that the system then assigns any rounding differences. If you do not set this rounding indicator for any period, the rounding differences are not taken into account. Therefore, the total of all the amounts from each period may be slightly higher or lower than the annual condition amount.
The due date* is calculated on the basis of the total period. If periods are split, the due date remains the same.
For more information, see the Example for Due Date Calculation in Quarter Days: Calculation Examples.
Activities
...
1. You are processing a real estate contract or a rental object and have already assigned a condition.
2. Choose the Frequency term category on the Posting Parameters tab page.
3. On the Frequency tab page on the detail screen area, you can choose a period key in the Fixed Periods field. The period keys offered here are those you entered in Customizing as described above.
4. Enter all other details for the frequency and save your entries.
To see examples of calculations related to the User-Def. Start (user-defined start) field and the Calculation Method field, see Quarter Days: Calculation Examples.
Result
The system split the annual condition amount from the cash flow into equal amounts. You can display your fixed periods and the amounts that the system calculated for them on the Overviews tab page in the Partner-Related Cash Flow.
Example
Example for Cash Flow Generation
You specified the following periods in Customizing for the key Fixed Periods: QUARTER_UK (quarter days):
PeriodsTable (see IMG activity in Prerequisites):
Num. |
Day |
Month |
Rounding Difference (see Quarter Days: Calculation Examples) |
1 |
25 |
3 |
X |
2 |
24 |
6 |
|
3 |
29 |
9 |
|
4 |
25 |
12 |
|
These periods are used as the basis for generating the cash flow. The annual amount is divided by the number of periods and the same amount is calculated for each (full) period. Rounding differences are added to the period you specified (only one period). In this example, it is the first period.
If an amount of 12,000 EUR is the agreed condition amount per year, this would result in an amount per period of 3000 EUR in our example. The following cash flow is generated:
Calculation From |
Calculation To |
Amount |
… |
|
|
12/25/2002 |
03/24/2003 |
3000 |
03/25/2003 |
06/23/2003 |
3000 |
06/24/2003 |
09/28/2003 |
3000 |
09/28/2003 |
12/24/2003 |
3000 |
… |
|
|
*The due date is determined by the payment form and the due date correction rule. The due date correction rule specifies how the date determined from the payment form (in advance, mid-period, in arrears) is moved. In addition you can specify whether or not at the start or end of a contract or rental object the due dates should be moved to the start or end.