Key concepts
The core terms and how AcreIQ ERP applies them.
These terms recur across every module. The definitions below focus on how AcreIQ ERP uses each one.
The principle that ties it together
Posting commits a transaction to the general ledger. Until a document posts, it is a draft with no effect on balances. Reporting reads from the posted ledger. So when a balance looks wrong, the first check is whether the source document posted, and to the correct period and entity.
Core terms
- Organization — the top-level tenant. All entities, properties, and data belong to it.
- Legal entity — a reporting entity with its own books (often one per property-holding SPE or fund). Every posting is scoped to an entity; consolidations are derived across entities.
- Property — a real estate asset. The reporting anchor for activity.
- Space — a leasable unit within a property (suite, unit, floor).
- Party — a counterparty: tenant, vendor, or owner. A party may hold multiple roles.
- Lease (contract) — the agreement defining what a tenant is billed and on what schedule, including escalations and recoveries.
- Document — a transaction: invoice, bill, journal entry, and so on. It carries lines and dimensions and moves through a draft-to-posted lifecycle.
- General ledger — the posted system of record the statements are built from.
- Dimensions — segments tagged to a document or line (property, and other tracked attributes) that drive analytical reporting.
In one sentence: activity posts to the general ledger, and reporting is derived from the general ledger.