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 Fees Settlement Periodic Fees

Use

In return for the management of real estate objects on behalf of the owners, the manager receives a corresponding fee.

You use this function to settle periodic fee types.

Prerequisites

Only fee types of active management contracts are taken into account.

Features

Periodic fee receivables are posted:

  • As revenues from the management activities and are entered in the manager’s balance sheet

  • As costs on the Real Estate objects concerned

Account determination

You can set two parameters for the account determination in the Real Estate Customizing:

  • Flow type

deduced from the conditions in a management contract

  • Account determination key 2

must be maintained directly in the master data of the rental units and agreements concerned

Advantage: A different account determination control is possible for each management contract.