Payment Adjustments

The Payment Adjustment page allows you to reconcile your lease payments to ensure that discrepancies between posted and actual payments are addressed when changes are made to rent terms. This page is only available once a contract version has been created.

To manage payment adjustments:

Create a contract version.
Make any necessary adjustments to your terms in the Rent Table.
Click Payment Adjustment.
Select the Payment Terms you would like adjusted.
Set the date range for the adjustment with the Adjustment From and Adjustment To fields.
Click Generate.
The Adjustment Schedule displays your posted payments, the new adjusted payments, and the difference between the two.
After you have reviewed the amounts, click Finalize Adjustment. The Create Payment Adjustments window opens.
The Payment Date is set by default, but can be changed if required.
Click the Include checkbox to include the payment adjustment.
Click Save.

The adjusted amount is added in the Rent Table as a new one time payment term. You must still post the adjusted amount manually once the contract is activated again.

Note: If the adjustment leads to a negative amount, the total payments for the contract must still remain non-negative.