Settling Special Assessments

Purpose

You map a special assessment in the system using an adjustment measure . You enter the planned or actual costs on the adjustment measure. In the assessment contract , you enter a one-time condition with a value of zero. You post the invoice for the extraordinary expense on a settlement unit. Using a condition adjustment based on the adjustment measure, you can settle the actual costs with the condominium owners. In COA settlement, this item then balances to zero.

Prerequisites

You made settings in Customizing for adjustment measures as described in Adjustment Method: Adjustment Measure .

Process Flow

  1. Create Adjustment Measure

    Create an adjustment measure. You enter the costs and the rental objects on this adjustment measure. The keys for the apportionment are specified in the rental objects, based on measurements. For more information, see Processing Adjustment Measures .

  2. Create One-Time Condition in Assessment Contract

    Enter a one-time condition with a value of zero in each assessment contract for the rental objects.

    For more information on assessment contracts, see Creating Assessment Contracts .

    For more information on creating conditions, see Defining and Assigning Conditions .

  3. Post Extraordinary Expense

    You post the invoice for an extraordinary investment on a settlement unit.

  4. Adjust Condition Using Adjustment Measure

    Perform an adjustment based on an adjustment measure. For more information, see Adjustment Method: Adjustment Measure .

  5. Periodic Posting

    Using the periodic posting function, you can post the claim for the extraordinary expense to the condominium owners.

  6. COA Settlement

    In COA settlement , the system determines the costs from the settlement unit again, and clears them against the payments of the condominium owners. The special assessment items balance to zero during this process.

Result

You distributed extraordinary expense to the condominium owners using a special assessment.