cost (Real Estate Portfolio Management)

An income or expense item, similar to a checkbook’s deposit or withdrawal. In the Real Estate Portfolio Management domain, you indicate whether a cost is income or an expense by completing either the Amount-Expense or Amount-Income field.

With the Real Estate Portfolio Management domain, costs are initially documented as recurring costs or scheduled costs. Scheduled costs can be approved and moved from the Scheduled Costs table to the Costs table, where they are known as actual costs. See also scheduled cost, recurring cost.