cost (Real Property)

An income or expense item, similar to a checkbook’s deposit or withdrawal. In the Real Property domain, you indicate whether a cost is income or an expense by completing either the Amount-Expense or Amount-Income field.

With the Real Property domain, costs are initially documented as recurring costs or scheduled costs. Scheduled costs can be approved and moved from the Scheduled Costs table to the Costs table, where they are known as actual costs.

When you create a scheduled or recurring cost using the Cost Wizard, the Wizard enforces that you assign it to one of the following entities. You associate the cost with only one entity to avoid double-charging.

• Building Code
• Property Code
• Parcel Code
• Lease Code

See also:

• actual cost
• scheduled cost
• recurring cost