Using correct charge codes while working in our Yardi system is extremely important! Particularly for the following charge codes.
- Conrent – charge code conrent not only affects a tenant ledger, any time conrent is used it also affects the GPR calculation for that unit. When conrent is used to create a charge or credit on a tenant ledger that charge/credit is also reflected on the GPR report. Also, at end of month all GPR totals feed into the GPR JE run by accounting which affect the property financial reports.
Please note, per the SMP Yardi GPR Quick Card:
- Conrent – used for current month corrections only.
- Conprior – used for past month rent corrections (does not affect GPR calculations)
- Consecd- is used for security deposit charges. When a consecd charge is created and the charge becomes paid by either a receipt or a credit (negative charge) this puts the paid amount in the system as a security deposit on hand. This deposit on hand is reflected in the Deposit Info tab of the Resident Screen as well as the Security Deposit Activity Report in Residential Analytics.
Therefore, both charge codes should be used extremely carefully. Any questions regarding fixes involving these charge codes should be consulted by support