Documenting PEP Discounts

At S2, we do not utilize a Concession to record the Rent loss of the PEP discount.  

What we do instead is edit the “Rent” transaction amount and reduce it by the value of the discount.  

 - Edit the Rent Charge under Recurring Charges.  

 - Enter the SUM of (Rent minus 3% PEP Discount).

 - I have been seeing lately the following added to the Description: “Rent 3% PEP”.  This is a great way to track your PEP residents. 

Example: 

• Rent is $1175
• PEP Discount is $35.25
• NEW Rent: $1,139.75

Without Discount: 

Record Discount: 

Now reflecting Discount: