Budget Summary by Tenancy Report for Outgoings/Service Charge

The term "Outgoings" differs across regions. For our Asia-Pacific customers, it's often referred to "Budgeted Outgoings." European users will see it labelled as "Service Charge," while those in North America might find it listed as either "Budget Outgoings" or "Operating Expenses." The terminology used in the app adjusts based on your location. For additional clarity on regional vocabulary, please see our Glossary of Regional Terminology.

This article provides a simple guide to generate the Outgoings Budget/Service Charge Summary by Tenancy Report. This valuable report offers a comprehensive overview of the Service Charge Budgets/Outgoings Budgets allocated to a property, detailing the percentage allocation and amount per tenancy across various expense accounts. Let's get started on how to accurately create this report to enhance your property management efforts.

Generating the Report

Creating your Outgoings Budget/Service Charge Summary by Tenancy Report is a straightforward process:

1. Select the Reporting menu.
2. Under the General tab, navigate to the Budgets by Tenancy or Lease section.
3. Choose the Outgoings Budget/Service Charge Summary by Tenancy report from the list available.
4. Set your desired filters to customize the report to your specific needs.
5. Select Generate to view the report on screen or choose to export it in your preferred format.

Understanding the Report Filters

Before you begin, it’s important to understand the filters available, as they shape the content of your report:

• Report For: Select the entity for which the report is to be generated.
• Property to Include: Choose the relevant property associated with the budgets.
• For the Budget: Select the appropriate budget period that the report should reflect.

Upon generation, the report will display an itemized breakdown of allocated percentages and amounts for each expense account, organized by tenancy. This detailed visibility assists property managers in understanding the financial distribution amongst tenants, facilitating improved financial oversight and management.