The Charges Tab displays any charges that have been recorded against the lease. Landlord leases can have charges that are charges to the tenant, such as Rent, or charges that have been incurred by the landlord to an outside party, such as Rates or Body Corporate fees.
The different combinations of lease type and transaction type determine whether the charge is money going out from the lease, or money coming in to the lease.
The Charges tab is divided into two sections. The top section of the tab is a summary list of all the charges that are recorded against the lease. The bottom section is the full details of the charge that is highlighted in the browse section. The fields on the Charges tab are:
Charge Type - This is the type of the charge, such as Rent or Electricity. You must select a type from the list of charge types that have been added to the Charge Types table.
Description - This is a description of the charge.
Charge Status - This is the status of the charge. If the charge is paid in full by the due date, the status will be Fully Paid. If the charge is only partially paid by the due date, the status will be Partially Paid. If the charge has not been paid at all by the due date, the status will be Overdue.
Due Date - This is the date that the charge is due to be paid.
Transaction Type - This is the type of the charge. You must select from the list of transaction types available, and the transaction types will be different depending on whether the lease is a Landlord lease or a Tenant lease. Valid Transaction Types for a Landlord lease are: Charge From Other, Charge To Tenant. Valid Transaction Types for a Tenant lease are: Charge from Landlord, Charge from Other.
Budget Code - This is the budget code from the ledger that you wish to post the charge amount to.
Charge Amount - This is the amount of charge.
VAT Amount - This is the Value Added Tax amount to be added to the charge amount. This is automatically calculated based on the VAT Rate specified in the Asset Module Default settings of the Administration Module, but you can change this amount if you wish.
Created - This is date and time that the charge was created. This field is automatically updated by Pinnacle and cannot be edited.
Created By - This is the user ID of the user who created the charge. This field is automatically updated by Pinnacle and cannot be edited.
Updated - This is the date and time that the charge was last modified. This field is automatically updated by Pinnacle and cannot be edited.
Updated By - This is the user ID of the user who last updated the charge. This field is automatically updated by Pinnacle and cannot be edited.
Lease Charge/Payment Templates Tab
Asset Module Financial Defaults