Use Close Current Period 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 are ready to perform Generate Rent Roll for a new billing period.

For each property processed, Close Current Period advances the Period End Date on the property, sets the Previous Balance equal to the Balance on the lease records, processes occupancy figures, and deletes old occupancy records. Additional changes are made to your Property Management data when Close Current Period advances to a new calendar or fiscal year.

1. Back up your data files.For more information, see article 17256 "How do I use File Tools to back up data files?" below.
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.