Scheduled Commercial Charges |
CAM Charges See Commercial How To document 353
This function determines CAM candidates based on the information entered in the Commercial Lease, CAM function. The charge is then calculated using that information. When the candidate list appears, the tenant and the charge amount are displayed. Clicking on that line will display the calculated fields for your review. The Source Amount can be changed. The other fields are for information only.
Use the Skip box to skip the charge for that tenant.
The Edit box
When you are satisfied with the information on the screen, click the For example: You receive bills over the course of 3 months for $3217.32 for roofing which is to be passed on to the tenants. Invoices were paid out of the owner’s ledger.
CAM Profile CAM % - 2.5 Stop - 10 Cap - 50 Schedule - Quarterly Charge ID - CAM Account List - contains the account Roofing
Scheduled Charges, CAM calculations Source Amount - 3217.32 total of Roofing account in owner’s ledger for past 3 months CAM % - 2.5 Pro-rated Share - 80.433 formula: Source Amount x CAM % calculations: 2.5% x 3217.32 Stop - 10 Cap - 50 Charge Amount - 70.4333 formula: pro-rated share - Stop calculations: 80.4333 - 10 Cap - 50 Net Charge - 50 Charge Amount is more than Cap, so Cap will be charged
A CAM charge is posted to the tenant for $50 and the Next Scheduled date in the CAM profile is advanced 3 months.
Reconcile If you clicked Reconcile in the CAM profile and you have charged the tenant $20 over the past three months either through the Estimated Charges function or the Charge Tenant and marked it an estimated charge, then: Reconciled - 20 Total Charge - 30 50 - 20 A CAM charge is posted to the tenant for $30 and the Next Scheduled date in the CAM profile is advanced 3 months. |
above the vertical scroll bar will toggle the line item charges from view, to one line edit, to every line edit.
Post button to post the charges to the tenant ledger.