Escalations and Recoveries
Escalations and Recoveries makes escalations extremely easy to perform
and nearly impossible to overlook. Working in a familiar spreadsheet-like
format, you'll calculate and schedule indexed and other complex, multifactored
escalations and pass-throughs with ease. These escalations may then be
included in your monthly billing cycle.
- Retrieve historical data from the SKYLINE Property Management or
Financial System modules and EDGE user-defined fields without re-entry
- Transfer updated escalation data to related occupant files
- Prorate escalations instantly
- Set up new records and worksheets
- Revise leases or try "what-if's" with a few keystrokes
- Prepare escalation letters automatically
Escalations and Recoveries simplifies escalations with a flexible formula
built into the Escalation Information Form. You enter any value into
any item in the form, then check the result-just as you would with a
spreadsheet. As many as 100 escalations per tenant plus property-wide
escalations, comparative escalations, and separate escalations for past,
present and future tenants may also be calculated.
Another powerful feature is the table of values which you establish
for use in the Escalation Form. You can create table records for certain
items of information held by SKYLINE such as G/L expense account numbers.
When creating an escalation, all you have to do is enter the table key-Escalations
and Recoveries gets the current balance for that G/L account and inserts
it into the calculation
For accurate billing, call upon Escalations and Recoveries to:
- Initiate reconciliation on a specific date
- Search historical GLA
- Compare previously billed expenses (based on your estimates) to actual
results
- Calculate the next adjustment
- Generate a charge on the billing statement and update an occupant's
history