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Rent & Service Charge AccountingManhattan’s rent accounting system allows rents, service charges and any other charges that are held against the lease database to be generated automatically. The system allows the transactions to be previewed and checked prior to processing. Rent runs can be generated by various criteria such as by property, tenant, etc. In addition, if the Organisational Breakdown Structure (OBS®) has been utilised within the database, the accounting runs can be generated by the OBS criteria that has been held at the lease level, such as by the manager, department or region. Manhattan allows users to specify at the time of generation what type of accounting run is being generated by use of a drop down menu which allows users to utilise one screen for generation of payable and receivable rent, service charges and other items. The rent runs will also allow for the calculation of rent reviews, both indexed and standard reviews, and will calculate any back rent from the settled date. Turnover Rent is also calculated and these figures can be imported to the lease to enable calculations to be generated.
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