Effects of Global Policies CalcMgmtFee

Effect of Global Policies on Calculate Management Fees

Global Policies are functions that determine how eSite responds for all properties set up within the system. Often, these provide users with defaults that lighten workload and cause business data to be processed in a consistent manner. Defaults are used as place holders—automatically assigned and displayed by the system and remain until other values are specified.

Global policies determine if management fees are calculated and if those calculations should be transferred to an accounts payable or general ledger system. While setting up global policies, the administrator who sets up your system selected the transfer method (A/P, G/L, or Neither)on the AME, Interface Tab:

A/P — tells the system that the calculated management fees should be transferred to an accounts payable system as a voucher entry and that the BATCH.APS file should be created to transfer those amounts from eSite to that system.
G/L — tells the system the calculated management fees should be transferred to a general ledger system as a journal entry and that the BATCH.GLS file should be created to transfer those amounts from eSite to that system.
Neither — tells the system that the calculation of management fees is not a property-required function and should not display in the eSite Processing menu.

The defaults on the Interproperty, Additional Tab determine if sales tax should be calculated and billed against the management fee charges.

NOTE that an administrator can change policy settings. Caution should be exercised when altering defaults or established settings, as changes can have far-reaching effects on the way the system handles calculating management fees.