RE revenue from 3rd party lease.

[Former Member]

Hi Gurus,

I have one situation in implementing RE-FI integration.

My client wants to achieve their revenue Commercial Property Lease Co-Location from 3rd party leases and want to post this revenue as basic rent (in RE) and wants to post to Cost centre. How can I get integration in RE to FI?

Please provide your suggestions and advise.

Thanks in advance.

Regards,

Suresh

[Former Member · Accepted solution]

Hi Suresh,

You can follow one out of two soultions :

Solution 1.) Assign the Cost Centre in the objects tab in the contract, in this manner the amount is captured in that particular cost centre when the contract is posted via RERAPP.

Solution 2.) When normal periodic posting is done and the amount is captured in the contract then you can settle the cost to particular cost centre via CO Settlement rule.

Regards,

Siddharth