Rent Reconciliation Comparison
For the same period and market selection, the “Rent Posted to G/L” total should equal the sum of all ADR account amounts on the P & L, and the “Calculated Rent” total should equal the revenue total on Comparative Statistics.
The Statistics reports include only projected Rent revenue generated in units marked to include in statistics. The Rent Reconciliation may also include projected rent revenue for units that are not marked to include in statistics.
The Rent Reconciliation Report has been modified to indicate which reservations with a non-zero calculated rent are in non-statistical units (via a double asterisk next to the reservation number).
On the last page of the Rent Reconciliation report below the “Calculated Rent” total, two additional totals are now displayed: “Not Included in Statistics,” and “Included in Statistics.” The “Included in Statistics” total should match the rent revenue per the Comparative Stats report.
Notes:
The “Effective Rate” label has been changed to “Current Rate.” Although the source for this data is the same as it was previously, the actual calculated amount may not necessarily be based on this rate, since the calculated amounts are now from the resident ledger lines instead of the current charge definition.
Rent credits associated with transfer activity may be posted to a period for which there is no calculated rent charge. These lines on the report will contain a negative G/L amount, the same negative amount for the calculated charge, and will contain NULLS for current rate, type, etc.