Rental Accounting: Account Maintenance
Use
By means of this function, you can group a customer’s open items as well as the unqualified down payments.
Use this function if you need to
Group together several open items
Group together several unqualified down payments
Charge off open items that can no longer be recovered as
Irrecoverable debt
in a balance account (expense account).
Define payments as instalment payments.
Prerequisites
You need a flow type (to which certain flow categories have to be assigned (settings in Real Estate Customizing) to be able to carry out postings for underpayment, instalment payments and charging off irrecoverable debt.
Flow category 3RAT for flow type for instalment payment
Flow category 3UNT for flow type for instalment payment
Flow category 3UNB for flow type for irrecoverable debt
Features
The function displays a customer’s open items or unqualified down payments on a specified key date for grouping.
Open items and down payments can be grouped according to the user. New items with the total of the line items are created. The line items are cleared.
For instalment payments, the system automatically calculates the instalments for selected open items automatically by entering the number of instalments or by defining the instalment amount. The open receivables are cleared and receivables as instalment payments with new due dates take their place.
The system posts irrecoverable debt according the settings in Real Estate Customizing (flow category and type) to an expense account in G/L accounting.
All functions are available within manual incoming payments processing.