How to Record Tenant Utility Rebillings
Records the billing of utility costs to tenants based on sub-metering or lease agreements.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable - Tenants | Asset | 12,500.00 | - |
| Tenant Recovery Revenue | Revenue | - | 12,500.00 |
💡 Accountant's Note
Utility rebillings are treated as recovery revenue. The REIT pays the utility provider and then invoices the tenant for their specific usage.
Practitioner & Systems Framework
💻 ERP Architecture
Property Management module - Tenant Billing.
⚠️ Audit Flags
Large variances between utility expense and recovery revenue accounts.
📄 Required Documentation
Utility provider invoice and tenant sub-meter reading logs.
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Discussion & Community Questions
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