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Sales-Based Reconciliation Workflow
Sales-based reconciliation includes administration fees that are additional fees added to the proportional recovery of operating costs added during the reconcile contribution process. These fees are a percentage that can be applied to specific General Ledgers upon which the reconciliation is based and set on the lease charge itself.
Note: The sales-based reconciliation feature requires its own license in addition to the standard Property Lease Management license. For more information, contact sales@binarystream.com.
Setup
Ensure a system administrator completes the setup tasks:
- On the PLM Property Lease Management Setup page, set up the default Sales-Based Reconciliation options.
- On the PLM Charges, create sales-based charges, and on the PLM Sales Based Charge Setup, specify the details for the charge.
General Use
To add a sales-based charge to a revenue lease, follow the general workflow for Working with Leases, and incorporate the following:
- For a sales-based charge that is applied to a lease, when reviewing the PLM Lease Charges, select Charge Details > Sales-Based Settings.
- On the PLM Sales-Based Charge Details, review the values for the sales-based charge and edit as needed.
Sales Reporting
Sales reporting amounts for the generated billing periods are entered on the PLM Sales Reporting page. If sales reporting amounts are not entered in a timely manner, late fees can be applied and process on the PLM Sales Reporting Late Fee Processing.
