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  Owner Settlement

Purpose

Costs and revenues due from the business processes of renting and third-party management are assigned to the real estate objects concerned (business entity, property, building, rental unit, lease-out). The costs and revenues are separated according to cost and revenue type.

Using the owner settlement, you can allocate the actual costs due and the revenue to the owners of the object: the following must be taken into account:

  • Property shares allocated to the owners

  • Chronological assignment of owners.

Process Flow

I.Default settings in Customizing for Controlling and Real Estate Management

  1. Within Controlling Customizing, cost elements are defined for the owner, separated by costs and revenues.

  2. Cost elements specific to real estate are assigned to these owner cost elements by means of Real Estate Customizing.

  3. You have to activate the indicator for owner management in Real Estate Customizing so that an owner settlement can be carried out in the system.

II.Master data real estate objects

  1. Real estate objects (business entity, property, building, rental unit) the system status Released so that costs and revenues can be posted to these objects at all.

  2. All involved objects for the owner settlement have the respective owners assigned to them.

    You additionally have to assign a vendor to the owner by means of the partner management.

III.Account assignment to real estate objects

The account assignment of the costs and revenues can be carried out with a G/L account document posting according to the owner cost elements via FI or together with the posting procedures of a management contract.

IV.Carrying out owner settlement

The owner settlement distributes the costs and revenues of the individual objects to the owners according to their owner factor.

Result

Following postings are implemented:

  • For the revenues: Objects are credited via a clearing object type and posting from open-credit items to the owners’ customer accounts.

  • For the costs: Objects are credited via a clearing object type and posting from debit accounts of the owners.