Component Master

This activity allows you to define the components of sales and lease. The constituents of a payment schedule (in the case of property sales) / bills (in the case of property and mall lease) whose value is arrived using the property area / leased area are termed as components. The purpose for a component can be sales, mall lease or corporate lease. The purpose of the component once defined cannot be changed. Plan and Non Plan are the two types of components. Non -Plan components do not affect the sale value and for such components pay plan code mapping is not mandatory. The weightage for the components can be specified in the “Specify Weightage” page. If service tax needs to be computed during adjustment/debit note generation based on the weightage set, Usage ID (Taxable/Non-Taxable) needs to be specified. Else, only account code need to be mapped for sales components.

Select the “Component Master” activity under the “Common Masters” business component.

The “Component Master” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following details in the “Component Details” multiline:

Sequence No	The number identifying sequence in which the components should appear in the Sales report. Mandatory when the Purpose is selected as “Sales”.
Component Code	The code identifying the component. The constituents of a payment schedule (in the case of property sales) / bills (in the case of property lease / leased area) whose value is arrived using the property area are termed as components. This code should be unique. Mandatory
Description	The description of the component. Registration Charges, Vacant Land Tax etc., are examples of Sales components. Rent, Service Tax, Maintenance Charges etc., are examples of Lease components.
Component Type	Use the drop-down list box to specify the component type. The combo is loaded with options “Plan” and “Non Plan”. § Plan – Planned components affect the Sale/Lease value § Non Plan – Unplanned components do not affect the Sale/Lease value Components which are not under regular plan types will come under non plan category.
Purpose	Use the drop-down list box to specify the purpose of the component. The combo is loaded with options “Sales” ‘Corporate Lease” and “Malls Lease”.
A/C Code	The code identifying the account where the revenue posting of the component occurs. Mandatory when the Purpose is selected as “Sales”.
Usage ID(Taxable)	The code identifying the taxable usage of the account code.
Usage ID(Non-Taxable)	The code identifying the non taxable usage of the account code.

Click the “Save” button to save (create/modify) the component details.

Note: During modification, Component Code and Purpose cannot be changed. Component Type, Description and A/C Code can be changed. While modifying the A/C Code, Usage ID should be taken care as mapping exists between the A/C Code and Usage ID.

To proceed, carry out the following

Select the “Specify Weightage” link to specify the weightage of the components.

The system displays the following in the “Data History” group box:

Created By	The login ID of the user who created the component details.
Created Date	The date on which the component details was created.
Last Modified By	The login ID of the user who modified the component details.
Last Modified Date	The date on which the component details was last modified.