About Cost Settlement
Cost Settlement is about distributing the (service) costs you are making as building owner over your building’s lessees. Being the lessor, you are also responsible for the division of the costs. The process of Cost Settlement is simple, you:
1. Gather all costs that must be divided over the lessees
2. Define a formula per cost type which determines how the costs should be divided
3. Execute calculations for a certain period
4. Create reports on these calculations and send them to the lessees
5. Invoice the lessees for the costs they owe and take their prepayments into account
You can give your building users a complete and specified overview of the costs per cost type and of their share of the costs. Think of the following cost types:
• Heating
• Water
• Electricity
• Waste
• Cleaning
• Garden maintenance
• Etc.