REFX -Retail Lease outs Date problem

[Former Member]

Dear Experts,

In the conditions tab of Real Estate Contract while simulating for Basic Rent, the Net condition currency is calculated automatically for 30 days irrespective of the month. Is it possible to set the amount based on the number of days like April - 30 days, May - 31 days and Feb - 28 or 29 days based on the leap year. If the month has 31 days and the rent is set for 30 days, 1 days rent is missed out. How can this adjustment be done? Could anyone please suggest.

Regards,

BP

[Former Member · Accepted solution]

Hi,

please go into the contract, transcation recn, choose "Posting Parameters" => mark Frequency, take a look at the detail data at the bottom of the page.

The field Calc. Method must read "Exact days" as quoted in the context help:

Calculation method for time-dependent periods
Definition
The calculation method specifies whether 30 days or the actual number of days in the month are used for making calculations proportional to the whole month.

Hope this helps.

Ute