You post costs and revenues of a condominium owners’ association (COA) in COA management on settlement units of the company code where they should be recorded.
You post all transactions that affect the COA as a whole in the COA company code.
Master Data:
You created master data and contracts in a COA company code .
If you own condominiums that are part of the COA yourself, or if you manage them for others, then you created master data and contracts in other company codes .
Customizing:
You made settings in Customizing for
Flexible Real Estate Management
for using one-time postings. For more information, see
One-Time Postings
.
You made the necessary settings in Customizing for
Flexible Real Estate Management
(RE-FX) in the activities under
Third-Party Management
.
You can make complex postings using the one-time postings function.
You can settle costs and revenue of the condominium owners’ association (COA) to its members ( COA settlement ).
You can perform periodic posting for assessments, and manage assessment collection.
You can create an annual budget , and based on that you can perform an assessment adjustment.
You can perform special posting procedures for the condominium owners’ association (such as, special assessments , reserves).
You can manage financial transactions with the tenant using a COA bank account, which differs from the bank account of the condominium owner.
You can calculate special assessments .
If you own condominiums that are part of a COA yourself, or if you manage them for others, then you can perform service charge settlement for tenants of rented condominiums (tenant settlement) in the COA company code.
You can enter into management contracts , for example, with owners of condominiums, and post management fees.