calculation monthly rent

[Former Member]

hi gurus

i need help to solve this issue:

my customer buy an apartment in 01.01.2013 and the contract end date in 31.10.2016, he pays for monthly installment in first of the month, and when he want to transfer the ownership to another business partner he do this in 03.02.2014 but the system calculates the installment for the 3 days in FEB.

now the installment shouldn't be calculated for the 3 days in FEB. because it's not a daily fee. how i make the system calculates the monthly installment without doing this. the system divided the installment on days and let my customer pays for this if he terminate or transfer the contract.

thnx gurus and waiting ur help

[former_member196871 · Accepted solution]

Hi Islam,

You would need to reverse the posting made by the same using adjustment. Create an adjustment rule with an absolute value of the rent amount (as negative).

For example if the rent is 100$ + 10$ tax = 110 $ you need to create an adjustment rule for -100$ absolute value. Activate the adjustment.

Now if you run periodic posting again for the month of FEB the posting made previously should get reversed.

Best Regards,

Hardik Sharma

[Former Member]

Hi Islam,

For your issue follow the steps as below :

Go to RECN.

Open the contract in change mode.

Go to Posting Parameters.Select Frequency tab.

In Prorated field , select "Never Pro Rata".

Also select Calc. Method as "30 Days for every month".

Hope it could resolve your issue.

Regards,

Siddharth