This chapter is a synopsis associated with application of money receipts and corrections to invoices. The money application procedure for the Real Estate Management system is similar to the main one for the Accounts system that is receivable because of the after exceptions:
The device makes use of rent figures and bill codes to make use of money receipts. It doesn’t consist of moms and dad figures.
The bill codes have actually various priorities, which affect how a system is applicable re payments that don’t precisely match invoices.
With bill codes, you can use prepayments immediately.
It updates the Lease Financial Overview file (F1520), which provides the balances that are cumulative the amounts billed and cash received for every duration.
The money application procedure involves the after tasks:
Apply the money receipts.
Review and accept the receipts.
Post the receipts.
JD Edwards World advises that you apply just the Real Estate Management displays for the money receipts and changes associated with a tenant’s account.
27.1 Apply Money Receipts
Just before can put on a money receipt, put up the information that is following
Real-estate Management constants and user defined codes
Facility, tenant, and rent information