Property Manager - EBS (MOSC)

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Is it possible to prorate normalization amounts according to the days in a month?

edited Mar 8, 2018 6:43AM in Property Manager - EBS (MOSC) 1 commentAnswered

Hi,

There is an ask from business if following is possible: (an example)

Total Rent Amount: 12000 (USD)

Rent Period: 12 months

Calculation of normalized entry should be as per the last column 'Prorated Amount on the basis of days in a month'.

  

MonthMonthy Normalized AmountNumber of Days in a monthFormulaProrated Amount on the basis of  days in a month
Jan-17100031=(12000/365)*311019.178
Feb-17100028=(12000/365)*28920.5479
Mar-17100031=(12000/365)*311019.178
Apr-17100030=(12000/365)*30986.3014
May-17100031=(12000/365)*311019.178
Jun-17100030=(12000/365)*30986.3014
Jul-17100031=(12000/365)*311019.178
Aug-17100031=(12000/365)*311019.178
Sep-17100030=(12000/365)*30986.3014
Oct-17100031=(12000/365)*311019.178
Nov-17100030=(12000/365)*30986.3014
Dec-17100031=(12000/365)*311019.178
Total1200036512000

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