Accounting Tab Subsidy Tab Tasks Add New Subsidy Receivable
This task is used to bill a one time charge or credit to the tenant for a subsidy receivable type other than Rent. If you add a charge you will then be able to receive a payment and apply it against the Open Item or use the Apply Credits task to apply an existing Unapplied Payment to the charge. If you add a credit, such as a Rent Concession, you will then be able to apply that credit to a charge Open Item.
If a household rents an apartment and one or more amenities from the community, you can not add an amenity receivable with this task. This task will only allows you to add a receivable related to the apartment. To add a receivable related to the amenity, use the Add New Receivables task from the Accounting Detail > General tab.
If the household is a non-resident who only rents an amenity, you can use this task to add a receivable related to that amenity.
Adding a New Subsidy Receivable will create a "Subsidy Receivable Adjustment" in Event History.
Household Detail Accounting Tab Subsidy Tab Tasks Add New Subsidy Receivable
Review or enter the following information.
o Community: The system will automatically populate this field with the household's community; if necessary, change the community using the drop-down menu.
o Unit: The system will automatically populate this field with the household's apartment number; if necessary, change the unit using the drop-down menu.
o Charge Date: The system will automatically populate this field with the current date; if necessary, change the date using the drop-down calendar. For example, you can enter a future charge date, which allows you to set up a receivable balance for next month to show up on a tenant bill.
o Voucher Source: Select the source of the voucher that the household is using.
o Receivable Type: Select the Receivable Type for your charge. When you have selected a Receivable Type, the GL accounts that are set up for it will be displayed below the Amount field.
o Amount: Enter the amount of the charge or credit. If you have selected a receivable type that is a credit charge type, such as Rent Concession, enter the amount as positive, not negative. The system will recognize that this is a credit balance receivable type and post it as a credit.
o Note: Enter a note to explain the subsidy receivable.
2. Click Finished. An Overall Status window will pop up with a Passed or Failed message and display any GL entries that were created.
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If it failed, you may need to make a correction or contact Bostonpost Client Support at myMRI or contact a Client Support Analyst directly at (877) 579-8896 for assistance.
If it passed, click Close.
The Subsidy Receivable Adjustment event will appear in the Event History and the receivable balance in Open Items.
