Transfer Posting

[Former Member]

Hi,

When we process the Contract in REFX for rent revenue system posts the two entries as below :-

Customer posting

Debit : Customer a/c

Credit : Rent Income a/c - Acct assignment- Real estate contract

Transfer posting

Debit : Rent income a/c - Acct assignment Real estate contract

Credit : Rent income a/c- Acct assignment- Rental Object

The second entry debit's & credit's the same GL so can we restrict this entry from posting in FI & at the same time with out affecting our cash flow

Thanking in Advance,

Shant

[franz_posch]

Hi shant,

transfer postings are for controlling purposes to get the revenue or costs from the controlling object "contract" distributed to other CO objects (rental object, business entity and so on). So it depends on your controlling concept if you need such distribution postings. If you don't need them at all you may define no distribution rule and assign the controlling object (maybe an order or a cost center or whatever) directly to the condition.

But one thing is important if you use the process "service charge settlement" you have to do transfer postings for advance payments to the occupied rental object.

I hope that helps.

Regards, Franz