Property Groups · Track 1 · Tutorial 1 of 2
Set up intercompany types for a property group
Before you clear anything, give each item that moves between your companies a type of its own, so it is filed and checked where your team expects it. This is the set-up that suits a property group.
1Know what moves between your companies
A property group usually has a holding company, property SPVs that each own a building, a management company, and a development company. These are the items that move between them:
| From | To | What |
|---|---|---|
| Holding company | SPVs | Loans and interest |
| Management company | SPVs | Management fees on rent collected |
| SPV | Group company | Rent for space in an SPV’s building |
| SPVs | Holding company | Dividends |
| Development company | SPV | A completed building sold at a profit |
Each item should have a type of its own, so it is filed, listed and checked where your team expects it. Your group may not have all of them, or may have others: adjust the steps below to what your companies actually book.
2Switch types on and off
- Select the group, and open Settings → Global Settings → Intercompany Types.
- Click the switch on each type below that needs changing. Each switch is saved the moment you click it.
| Type | Change | For |
|---|---|---|
| Intercompany Loans | Switch on | The SPV loans: the largest balances in the group. |
| Management Charges | Keep on | Management fees. |
| Rental / Lease Adjustments | Switch on | Rent between group companies. |
| Dividends | Switch on | Dividends from SPVs. |
| Fixed Assets | Switch on | Buildings sold between group companies. |
| Trade Receivables / Payables | Keep on | Unpaid fees and rent. |
| Inventory Transfers | Switch off | Not used. |
| Sales / Purchases / Services | Switch off | Not used when charges are under the types above. |
A new group starts with Trade Receivables / Payables, Sales / Purchases / Services, Inventory Transfers and Management Charges switched on. Other Eliminations is always on. See Switch on and add intercompany types.
3Add types of your own
- Click Add type.
- In Type name, enter SPV Loans.
- In Accounting treatment, choose Intercompany Loans, and click Save type.
- Add the others the same way.
| Type name | Accounting treatment | For |
|---|---|---|
| SPV Loans | Intercompany Loans | The holding company’s loans to SPVs, kept apart from other funding. |
The accounting treatment decides how the type behaves and which accounts its entries accept. A type of your own is in the menu only while the built-in type it works like is switched on.
4Arrange the menu
- Click Manage menu.
- For each group below, enter its Group name and click Add group.
- Drag each type onto its group, and click Save menu.
| Group | Types in it |
|---|---|
| Funding | SPV Loans, Intercompany Loans, Dividends |
| Property | Rental / Lease Adjustments, Fixed Assets |
| Fees and balances | Management Charges, Trade Receivables / Payables |
See Arrange the Intercompany menu for moving, renaming and removing groups.
Check
Intercompany in the sidebar shows the groups above, and each type of your own is listed on Intercompany Types with Kind Custom and status Active.
5If something goes wrong
| A type of your own isn’t in the menu | The built-in type it works like is switched off. Switch it on. |
|---|---|
| … cannot be used in this elimination type. | The type’s accounting treatment doesn’t accept that account. Check the table in Switch on and add intercompany types, and choose the treatment whose accounts fit. |
| The arrangement was lost | The dialog was closed without Save menu. Arrange it again and save. |
Want more detail? See the documentation