Recovery Pools (Building)

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

Recovery Pools may be set up at the Building Level (as well as the Client level) to reflect default Recovery Pools. A Project administrator or Abstractor may add, edit, or delete the Recovery Pools for specific Building without affecting the Recovery Pools at the Client level.

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

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.
   • Recovery Pool: Enter a code for the Recovery Pool being entered (i.e., “OPEXOnly,” “OPTAX,” etc.)
   • Description: Enter a description of the Recovery Pool to assist the user in the selection of a Recovery Pool when abstracting expense recoveries.
   • User Pool ID: Enter an ID for the Recovery Pool.

Deleting

1. Select Recovery Pools from the Navigation Tree and highlight the Recovery to be deleted in Pane 1.
2. Select "Delete" in the Pane 1 Toolbar.

Editing

1. Select Recovery Pools from the Navigation Tree and highlight the Recovery to be edited in Pane 1.
2. Select "Edit" in the Pane 1 Toolbar and make the appropriate changes.