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Former Member

Negative amount in RE contract

Hi experts,

In lease in contract sometimes myclient does not pay the correct amount to the landlord. They overpays without vendor invoice.  Once they realize that they paid extra amount. They need to recover the amount from the landlord or reduce the next payment by the amount over paid. In this situation how to recover the amount or can we reduce the amount for next periodic posting. Any suggestions.

Thank in advance.

Regards,

Suresh

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    Former Member
    Nov 13, 2013 at 06:17 AM

    Hi Suresh,

    You have two ways to do so :

    Method-1 Use Adjustment of conditions for your condition to reduce the next payment which will be posted after the over paid rent.Post that particular condition of reduced amount and then again do adjustment of conditions to bring the amount of rent to the former amount i.e. your original one.

    Method-2 Create a new condition type along with the new flow type with the accounting GLs in Debit and Credit account swapped with that of the original condition's flow type.

    Eg.
    Original Condition Rent :

    Dr. Expenses           Cr. Vendor

    New reduced condition

    Dr. Vendor                Cr. Revenue

    Hope it could help you!

    Regards,

    Siddharth

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