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REFXVC_TIVCDFIXPER - Define Fixed Periods (For Example, Quarter Days)

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Here you can specify that an annual rent is divided into equal portions, although the periods themselves are of unequal length. This procedure is standard in certain countries (for example, the use of quarter days in the United Kingdom).

If you do not define any Fixed Periods here, then this field does not appear when you process the frequency term in the rental object or contract master data. In this way, you can avoid incorrect entries in this field.

If you need fixed periods, then proceed as follows to define these periods:

• First enter the name you want to use for the fixed periods in the Fixed Periodstable. (This name is used as a reference in the contract or rental object.)

• Select an entry in the table and choose Periods of Fixed Period in the dialog structure.

• In the table that appears, you need an entry for each period into which the year is divided up. For each period, you specify the following:

• The number of the periods (each entry has to be numbered sequentially starting with 1)

• The day and the month on which the (next) period begins. (The first period in the table is, in this sense, the next period for the last period in the table.)

• Specify one period that is used for recording any rounding differences.

The following documentation describes the functions of fixed periods and contains a sample calculation.

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