ERE: New Proration Methods
Last updated on SEPTEMBER 05, 2017
Applies to:PeopleSoft Enterprise FIN Real Estate Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
System currently only allows for proration methods of : None, 360-day, 365 - day.
Need additional methods for proration such as current period. Leases can be prorated based on a particular period - month, quarter, English Quarter, Scottish Quarter, etc.
System cannot calculate accurate prorated rent amounts if the lease states that the proration is based on the current period. This will require a manual adjustment of the rental amount.
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