Information

Use the Close Current Period task to end one billing period, and start the new billing period. Close Current Period can process one property, or several, or all properties.

We recommend that you run Close Current Period just before you’re ready to perform Generate Rent Roll for a new billing period.

For each property processed, the Close Current Period task completes the following:

• Advances the Period End Date on the property
• Sets the Previous Balance equal to the Balance on the lease records
• Processes occupancy figures
• Deletes old occupancy records
• More changes occur when you use the Close Current Period task to change the calendar or fiscal year

Close the period

1. Back up your data files.
2. From the Tasks menu, select Close Current Period.
3. A message about Clear Paid Items displays. Click OK.
4. In the Print Selection window, click Ranges and select the properties to process. Click OK.
5. Make any necessary print selections for the Close Period Report and click Start.
6. Review the Close Current Period report for any messages.

What happens when I run Close Current Period in Property Management?

Which applications have a close period, month, or year task?