Recovery Pools (Client)

Recovery Pools are assigned to Recoveries on the Lease Administration screen to identify the specific expense recovery being entered.

Recovery Pools set up in the Client Administration section are the default Recovery Pools when new Buildings are added (they are copied into the Building Administration section for the new Building). Client Administrators may add, edit or delete the default Recovery Pools used in creating new Buildings. Likewise, after a new Building is added, a Project Administrator or Abstractor may add, edit or delete the Recovery Pools for that Building without affecting the Recovery Pools at the Client Administration level.

Info: In rAbstract, Recovery Pools are only a general description of the Pool (i.e., Tax Only, Tax and Operating, Insurance, Utilities, etc.). rAbstract does not hold charts of account; therefore, the details of accounts from the chart that comprise a specific Pool are not tracked.

Adding a Recovery Pool

1. Select Recovery Pools from the Navigation Tree and click “Add” in the Pane 1 Toolbar; a new row will appear in Pane 1.
2. Enter data in the following fields, and then click “Save” in the Pane 1 Toolbar:
   1. Recovery Pool: Enter a code for the Recovery Pool being entered (i.e., “OPEXOnly,” “OPTAX,” etc.)
   2. Description: Enter a description of the Recovery Pool to assist the user in the selection of a Recovery Pool when abstracting expense recoveries.
   3. User Pool ID: Enter an ID for the Recovery Pool.