Flexible Real estate management - Advance payment and its adjustment

[Former Member]

Hi

Currently i am using Flexible real estate management and my client requirement is that they are receiving advances and they want to adjust monthly expenses against that advances automatically in the system

I want to know is this possible in the Flexible real estate management and if possible kindly tell me the steps for configuration.

Regards

shantanu

[Former Member]

Hi Shantanu,

If I understand your requirement correctly, Advances should be posted to a specific G/L account and when periodic postings are run for monthly expenses, the amount should be debited from that G/L account and posted to Revenue Accounts of the contract, is this your requirement?

Regards,

Kishore

[bahrisertan_alkan]

Hi Kishore,

The process you mentioned above is one of my business requirements.

Do you have any suggestion on it ?

Thanks in advance

Regards

Bahri Sertan Alkan