Settling a turnover rent
Since financial data is used for payments, accounting, and invoicing, accuracy is essential. To support validation, Planon allows you to run a trial settlement first. This provides a preview of the calculated turnover rent, allowing you to review and confirm the data before generating actual financial entries. Once the results have been approved, you can proceed with the final settlement.
 | In System settings, you can define the default system currency used throughout Planon. However, you can also use a currency that differs from the default when calculating turnover rent. Within a single turnover rent settlement, all financial data must be in the same currency. |
Procedure
1. Go to > .
2. Select the lease contract you want to settle.
3. Ensure that the contract is fully financially closed for the relevant settlement period. For more information, see Closing amounts.
4. On the action panel, click Trial settle turnover rent.
5. In the dialog, enter the end date of the settlement period and click OK
Planon automatically populates the Trial settlement up to and including field on the contract.
The trial settlement results are now available in the other selection levels of the Turnover rent - settlement TSI.
6. Review and validate the trial settlement data.
7. Once confirmed, return to the action panel and click Settle turnover rent to run a final settlement.
On the contract, the Settlement up to and including is automatically populated by Planon with the end date of the settlement period you specified.
After settlement, the following information becomes available in the Turnover rent - settlement TSI:
◦ Use Show paid prepayments at the Turnover settlement level to view prepayments included in the calculation.
◦ Use Show paid rent at Turnover settlement > Settlement details to view fixed rent used in the calculation.
◦ The Formula text field at the Turnover settlement level displays a breakdown of the calculation logic.
Rerunning a settlement
If changes are made to the reported turnover, fixed rent, or prepayments after settlement, you can rerun the same period by setting the Planned for rerun? field to Yes for that period.
Planon will then recalculate the entire settlement period. This rerun results in an additional turnover rent amount to be settled. The system takes the previous settlement into account by treating the already settled turnover rent as a prepayment and settling the remaining amount as an additional entry.