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Invantive Estate

In this form you can register and change revenues.Open screen in browser Open Form

A revenue is a unit (parking lot, house, store or office space) which can be sold or rented as part of a project to a client. Any additional revenues such as contributions from the government are sometimes registered as negative costs.

During the determination of the project the revenues are included in the budget to cover the costs and to reach a positive project result.

The revenues are registered per unit number against an expected revenue. For example, if a project will produce fifteen houses, then fifteen revenues will be registered. In an early stage it is sensible to combine similar revenues, for example, five corner houses with a total value of EUR 1,400,000.

The actual revenue (sales price or value at resale to owner in rental state) is added on the moment of rent or sale of a unit.

Revenues from a project screen

The meaning of the entry fields is:

Project

The project of which the revenue is part of.

Cost Type

The cost category on which the revenue is registered. Only cost categories can be chosen from the master roll up of the type ‘Revenues’.

Category

The type of revenue. See also Revenue Types.

Contract

The contract for the grouping of a revenue. Two revenues cannot share the same contract on one budget.

Sold

The revenue has been saled if checked.

Customer

Reference to the buyer of the revenue as registered in Organizations.

Customer free format

Reference to a customer as free format.

Address

The address where the revenues are earned.

City

The place where the revenues are realized.

#Units

The number of units, expressed in units that belong to the class. Houses are generally expressed in ‘Numbers’, while ‘Commercial Space’ is expressed in ‘m2’.

Budgeted Result

The budgeted result of the unit.

Multiple Periods

An indicator if more than one invoice will be sent in order to charge the agreed revenue. In case you choose for one period and the field ‘Realized Revenues’ is not filled in or differently, the first invoice of this revenue will be treated as the realized revenue.

Charged by Hour

The activities will be charged by hour if selected.

Customer Reference

A reference/characteristic that is specified by the customer.

Description

A description of the products, activity or situation where revenues relate to.

Explanation

An informative explanation such as the expected start or duration of the rental period.

Planned Start Date

The planned start of realization.

Planned End Date of Handover

The planned date of handover of the units.

End of Construction

The actual end date of construction of the units.

Realized Revenues

The realized revenue per unit. This is filled out as soon as the contractual agreement is signed.

Note that reports may show a different contract revenue as entered here if ‘1 period’ is selected in the field ‘Multiple Periods’ and an invoice with contract is sent. In this case the reports will always show the total invoice amount instead of the here entered realized revenues.

Planned Date Sales

The expected date that the customer will sign the sales contract.

Date Realization Sale

The date on which the contractual agreement with the construction company is signed.

Planned Date of Transport

The expected date when the product will be transferred to the buyer.

Buyer

The name of the buyer.

Points

The number of points awared for the commercial objective of the project. This is normally used to determine bonuses.

Documents

Linked documents, see Linking Documents.

Expected Maturity

The date the cash flow for revenue is expected to begin.

Expected Maturity End

The date the cash flow for this revenue is expected to finish. The maturity date is only relevant if the cash flow projection method needs it.

Distribution Method

The method used to distribute the cash flow of the revenue over time based on expected maturity and expected maturity date.

The meaning of the other fields:

Project Code

A unique code for the project.

Name

The name of the project.

Roll Up

The roll up code.

Master Roll Up

The name of the master roll up to which the roll up (a roll up is a bundle of individual cost categories) belongs.

Calculated Date of Production

The calculated date of production on which the units are counted as production. The calculation is as follows:

Date end of construction units if available.

Date end of construction if available.

Planned date end of construction units if available.

Planned date end of construction if available.

Else unknown.

Open

Indicator whether the bill is paid.

Category

Is a grouping of revenues.

Merged Project

The name of the main project to which the revenue belongs.

To be Invoiced

Contains the part of the revenue that still needs to be invoiced. Automatically calculated by the system.