Recurring Expenses

An Expense Setup is the parent record for a recurring expense. Depending on the page layouts your organization creates, Recurring Expenses include a number of pages:

• Expense Setup: The parent record for a recurring expense where you:

  • Create Expense Setup records.

  • Create Vendor Allocations to specify who receives payment and the percentage allocated to each vendor.

  • Create Expense Schedules and Escalations that determine the payment amount and frequency. Apply taxes to the expense, change the proration method, choose to pay in arrears, or use custom payment coverage.

  • Create Expense Allocations to specify the departments or organizations an expense is associated with.

  • Generate your payments once your Expense Setup records and Expense Schedules are approved.

  • Generate Retroactive Payments including those for CPI Adjustment and daily rent.

• Expense Forecast: View your expenses over the course of the lease and filter them to refine the data.

• CPI Index: Specify CPI indexes at a contract-level.

• Plan / Forecast: Budget for your recurring expenses with quick and easy updates once your data is set up.

Navigate to Contract > Payment Info > Recurring Expenses using the links in the Navigation Pane on the leftmost side of the page. Select the page you want in the upper-right corner.