Example: COA Settlement
Starting Situation for COA Settlement:
The business entity consists of two condominiums (rental units):
Rental unit (RU) 1 with assessment contract 1 and customer (condominium owner) 1
Rental unit (RU) 2 with assessment contract 2 and customer (condominium owner) 2
There are two settlement units:
Settlement unit 1 for apportionable costs
Settlement unit 2 for costs that are not apportionable to tenants
The costs for both settlement units are distributed to the owners with a ratio of 30:70.
The following invoice documents are posted during the course of the settlement year:
Account |
Amount |
Auxiliary Account Assignment |
Vendor |
- 100.00 € |
|
Cost element for apportionable costs |
100.00 € |
Settlement unit 1 |
Account |
Amount |
Auxiliary Account Assignment |
Vendor |
- 200.00 € |
|
Cost element for non-apportionable costs |
200.00 € |
Settlement unit 2 |
Postings of COA Settlement:
Credit the settlement units and distribute the costs on the assessment contracts:
Account |
Amount |
Auxiliary Account Assignment |
Cost element clearing account for assessment contracts |
30.00 € |
Assessment contract 1 |
Cost element clearing account for assessment contracts |
70.00 € |
Assessment contract 2 |
Cost element for crediting settlement unit |
-100.00 € |
Settlement unit 1 |
Cost element clearing account for assessment contracts |
60.00 € |
Assessment contract 1 |
Cost element clearing account for assessment contracts |
140.00 € |
Assessment contract 2 |
Cost element for crediting settlement unit |
-200.00 € |
Settlement unit 2 |
Debit customer accounts of owners:
Account |
Amount |
Auxiliary Account Assignment |
Customer 1, assessment contract 1 |
90.00 € |
|
Revenue from COA settlement |
-90.00 € |
Assessment contract 1 |
Customer 2, assessment contract 2 |
210.00 € |
|
Revenue from COA settlement |
-210.00 € |
Assessment contract 2 |