Development module settings

Cancellation retention (Law 19 of 2017, Art. 11)

What the developer may keep when a buyer's contract is terminated, by construction progress. The law sets maximums; you may apply less.

Over 80% complete — % of contract pricemax 40%60–80% complete — % of contract pricemax 40%Below 60% complete — % of contract pricemax 25%Construction not started — % of amounts paidmax 30%Refund due within (days)max 365 — one year of termination, or 60 days of resale if earlier

Escrow, commissions & collections

Trustee retention on each deposit (%)Law 8 of 2007 retention held until after completionDefault commission trigger (% of price collected)Days after a milestone/booking/handover before an installment is overdueRemind this many days before a cheque matures

Assignments, handover & accounting

DLD transfer fee on a resale (% of the new price)4% in DubaiSeller's share of the transfer fee (%)default split; each assignment can override itBlock “title deed issued” while the unit has open snagsDraft the cancellation journal automatically (void unpaid deposit invoices, retention to forfeiture income, refund to payables) — a DRAFT for the accountant, never posted by the moduleRevenue recognition method (drafts only)Which method fits your SPAs under IFRS 15 is your auditor's call. Runs produce a journal in Accounting → Journal entries.Post recognition journals automatically (Dr down payments received / Cr off-plan revenue) instead of leaving them as drafts. Turning this on needs Accounting edit; a posted run is reversed in Accounting, not withdrawn here.

Ledger accounts

The accounts this module's documents and drafts use. Drafts go to the miscellaneous journal — none exists yet; create a MISC journal in Accounting → Journals.

Down payments received (deposit liability)

Every installment invoice credits this — required before anything can be invoiced. Not mapped.

Off-plan revenue

Credit side of revenue-recognition drafts. Needed only when a recognition method is on. Not mapped.

Forfeiture income (retention on termination)

Credit side of the retention kept on a cancellation. Needed for the automatic cancellation draft. Not mapped.