Periodic Posting in RE-FX

[Former Member]

Hi All,

I am new to this module. Can you please tell me the Period posting run in RE-FX. I am confused with the entry passed by the system. I can understand the first entry where it debits customer and credits Rental Income. But in the Second entry( Transfer entry) again it Credits the Rental Income Account. Can somebodhy explain me the accounting process in this step.?

Thanks,

Bala.

[aroig · Accepted solution]

Hi,

The transfer step will transfer controlling assignments from the contract to the rental objects. This is useful if you want to run the controlling reports in order to see a P&L statement for a Building for example.

Regards,