The EOM Closing application closes the end of month for preparation of the current period financial reports. Properties will show up in red if there are any credits that have not been applied to charges. This application will automatically apply any prepaids to open charges in the current period prior to closing the month.
The EOM Closing application is accessed through APPLICATIONS | General Ledger Group | EOM Closing.
The fields are defined as follows:
Field |
Description |
|---|---|
Property |
The name of property needing to be closed. |
Resident Billing and Developer Billing |
The date of the last billing cycle for both types of billing. |
Current Period |
This is the period that the property is in at the present time. It should always be the current month that the user is physically in. |
New Period |
This is the next month in line for the next cycle |
Status |
Notifies the user if the property has any unapplied credits or open adjustment batches. |
