Knowledge

The financial closing must be done EVERY MONTH for accountability and the financial organization of your company.

It is a simple process, but it depends on the completion of other tasks throughout the month (click on the item to read more about it):

1. Close reservations, adding the income information to the homeowner's statement
2. Close work orders
3. Register and process all payments in the system (recurring, non-recurring, and single charges - bills of the houses, payments to suppliers, etc.)
4. Close the month
5. Process payments to the homeowners

TIP: we suggest creating a routine to close checked-out reservations every week, so this task is almost complete when closing the month.

Important: to inform debts and credits on the homeowner's statements after you close the month, go to MENU > FINANCIAL > ACCOUNTS PAYABLE > HOMEOWNERS, and follow the instructions in the article How to Process Payments to the Homeowner. Do NOT use the "Single charge" option for this purpose.

Read more: 

Check all articles about reservations

Check all articles about work worders

Check all articles about finances