Operations Recap
Located under Management > Financial > Operations Recap, the report is not filtered for currency and is always translated to the base currency.
A/P Posted & Paid are already in base currency. Pending and Rate are in the non-base currency and are translated to base currency as follows:
Pending
1. The rate in the non-base currency is prorated to determine the rent liability for the selected period.
2. The prorated rate in the non-base currency is then subtracted from the amount posted in the non-base currency (if anything has been posted) to determine what is pending in the non-base currency.
3. The resulting figure is then multiplied by the current exchange rate for the currency and displayed as the Pending amount.
Rate
1. If the pending amount does not equal zero, the rate in the non-base currency is multiplied by the current exchange rate.
2. If the pending amount equals zero, the rate equals the Posted amount (which is already in the base currency) divided by the prorate percent. For example, if there was no prorate, the prorate percent = 100% (1), and the rate is the full amount posted. If there was a prorate of 50% (.5) and the posted amount was 500, the rate would be 1000 (500/.5)
If an asterisk (*) appears after a Unit, the rent payable is in non-base currency. This means that a currency other than the base currency was selected on the Unit Financial tab. Please see Pg. 22 for selecting the Unit Currency. Rate, Pending, Posted and Paid are displayed in base currency.
If an asterisk (*) appears after a Resident Billing Name, the Rent Receivable is in non-base currency. This means that a currency other than the base currency was selected on the Resident Ledger General tab. Please see Pg. 9 for selecting Reservation Currency. Rate, Pending, and Invoiced are displayed in base currency.