Rental Accounting: Determining Instalment Payments As Underpayment  

Procedure

  1. Choose the Instalments function.

    2. For collective lease outs, choose the assigned agreement (dialog box) for which the instalment payment is to be applied.

    You branch to the Instalment payment dialog box.

    There are several ways of defining instalment payments:

    Option

    Procedure

    Result

    Automatic calculation by entering a predefined number of instalments

    Enter the required number of instalments in the No. of instalments field with which the payment is to be settled and choose the Instalments function.

    The system calculates the instalment amount, the date of payment (depending on the settings in the 1st instal. and Mnthly intrvl) fields. Any remaining amount can be set as first or last instalment.

    Automatic calculation using maximum instalment amount

    Enter in the Max.instalment field the instalment amount with which the payment is to be settled and choose the Instalments function.

    The system calculates the instalment amount, the date of payment (depending on the settings in the Ist instal. and Mnthly intrvl) fields. Any remaining amount can be set as first or last instalment.

  2. Enter your settings and choose the Copy function.

    3. You return to the initial screen. The system has determined a new Instalment payment item with the total amount of the payment.

  3. Save your entries.

Result