Porter Wage Escalation
SPECTRA makes handling your Porter’s Wage Escalations a breeze. If you are interested in licensing this additional module, please contact Spectra Marketing.
SPECTRA will create a new charge as of the effective date, put an ending date on the old charge, and bill any retroactive amounts necessary.
Set up for Porter’s Wage Escalations requires the following:
1. Set up Control Codes – Porter’s Wage Escalations
2. Set up Control Codes - Accounting Codes – Recovery/Escalation Code.
3. Set up Porter’s Wage on the Tenant file – PorterWage tab.
4. Run the Porter’s Wage Escalations
Control Codes
In the Navigation Pane, go to System Tasks > Control Codes > select Porter’s Wage Escalation Codes
To add a new code key in the code in the Escalation Code box and hit the
Enter the first year of your list of years
Enter the dollar amount for each year
Enter your own description

In the Navigation Pane, go to System Tasks > Control Codes > select Accounting Codes
Set up an Recovery/Escalation code to be used for any retroactive billings that are necessary.

Tenant File
In the Navigation Pane, go to the Find > Tenants > Select a tenant and Drill down > Porter Wage> Add Porter's Wage

Select the building/unit for this escalation.
Select the Porter Wage code from the combo box.
Select the tenant’s regular charge code you wish to escalate.
Select the recovery/escalation code you will use for retroactive billings. This would be the code you set up under Accounting Codes above.
If you want to over-ride the tenant’s leased sq. ft. enter the amount of sq. ft. you want used in the calculation of the new charge.
Enter the effective date of the increase. This will be used as the start date for the new charge.
Enter the current year, to be used in Porter Wage calculation.
If you want to use a year different than the previous year for the Porter Wage calculation enter it here. The previous year is the default.
Enter the share that the tenant should pay of the Porter Wage factor if other than 1 or 100%. Enter as .25 for 25%.
If the tenant has a minimum increase, enter it here.
If the tenant has a maximum increase, enter it here.
Enter any notes. Once the escalation has been run the system will enter a note "Escalation performed: Sep 14, 2000". The system will also put notes on the charges stopped and the new charge created. E.g. Charge stopped due to Escalation effective: April1, 2005
When the escalation has been run the system will fill in the details, mark the record as history and create a new record for the next year.
Monthly Procedure
In the Navigation Pane, click on Building > Escalations > click Porter's Wage.

Select the buildings you want to process.
If left blank, all applicable codes will process, or you can specify certain codes.
Enter the escalation or effective date you want to process.
This is the date that any retroactive billings will be posted to in the General Ledger.
The Report Only option will not update any tenant files or the general ledger. Report/Update will update tenant files and the general ledger. You may preview the report or invoices before running the update.
To process the Porter Wage Escalation, select Report/Update and click the Process Button.
