Rental accounting represents an integrated accounts receivable/accounts payable accounting in the form of open items accounting. It deals with all postings and cash transactions with the contracting parties. Postings are managed at the lowest level for each rental unit and lease out.

This component is required if you rent real estate objects and intend to carry out rental accounting and rent collection on them.

You need to install the R/3 Financial Accounting (FI) and Controlling (CO) components to use the rental accounting component.

Rental accounting is divided into the following functions:

The debit position for the lease out posts or reverses receivables from the tenant for each lease out.

The debit position for vacant rental units takes account of accrued vacancy costs.

The "one-time postings" contain all functions you require for creating and uniquely assigning a posting to a lease out. By means of one-time postings you pass on your receivables directly to the customer (master tenant).

Here you can separate periodic assignments of expenses and revenues of the payable in advance/payable in arrears payment forms of rent receivables for the profit and loss statement.

Payment transactions include functions for manual and automatic incoming payments (FI payment program/account statement entry/follow-up postings for rejections of automatic incoming payments).

In this case, the open items of the customer are cleared or advance payments are posted as unqualified down payments.

Maintenance of open items including determination of instalment payments and charging off irrecoverable debt.

You can use reporting to obtain information at any time on posting transactions, tenant accounts, open items or incoming payments.

With the dunning program you have access to all the functions of dunning. The dunning program is identical to accounts receivable accounting dunning in Financial Accounting.