scheduled cost (Real Property)
An individual cost that is planned or budgeted and can be changed at will. Scheduled costs are stored in the Scheduled Costs table, from which you can approve them and move them to the Costs table (where they are considered actual costs).
Since the income and expense items described by scheduled costs are not considered actual costs until you move them to the Costs table, you can experiment with the values of Scheduled Cost records; this can be useful for forecasting, and testing the impact of large expenditures on your cash flow.
Scheduled costs are be created by:
- directly entering income and expense items in the Scheduled Costs table, using the Approve Costs tab of the Cost Wizard
- have the system generate them based on recurring costs.
When you create a scheduled cost, you assign it to one of the following entities. You must associate the cost with only one entity to avoid double-charging.
- Building Code
- Parcel Code
- Property code
- Lease Code
See also: