Can I process recoveries after I close the year in Property Management?

You can process recoveries after you close the year in Property Management.

However, charges with a Charge Date beyond the next recovery period will not post. See Error: "3504 - Charge Date is beyond the next recovery period. Recoveries must be reconciled prior to posting."

For example, if your current recovery period is 1-2023 to 12-2023, you cannot post charges with a 2025 date. Charges posted with a 2024 date are stored in the Charges next period recovery field.

Each lease has a recovery period that is automatically advanced when you process Tasks, Recoveries and Escalations, Reconcile and Escalate. Follow the steps below to verify a lease's recovery period:

1. In Property Management, from the Tasks menu, select Manage Leases, Change Lease.
2. On the Recur Chgs tab, click ...> in the Recovery Controls column.
   • Basic recovery controls are stored on the Recovery Controls tab.
     • Recovery from and to dates show the lease's current recovery period.
     • Charges this period keeps track of charges in the current recovery period.
     • Charges next period keeps track of charges in the next recovery period.