I am wanting to close my month off early due to Christmas, what should I do?

Question: 

I am wanting to close my month off early due to Christmas, what should I do?

 Answer:

Dates are important in Palace so there are some place to take special note of:

 But first: You may want to think about just paying out your owners prior to the 24th and then doing a month end when you get back in January. (Just remember do not receipt any January dated receipts until you have rolled the month over) There is no reason to close the month early as this will affect Owner Statements. 

If you still decide to close off early:

When you start Month End, Make sure you change the date on the first screen, it needs to be changed to the date of the last receipts and reconciliation NOT today's date. I.e if you have receipted up to the 20th Dec and reconciled, but today is the 21st December, you will date Month End the 20th December. (This is so that in the new year you can still date receipts for the 21st December)

Live_Month_End.png

When the pop up comes up for Owner Payments - Double check the date. (Or Creditor Payments, Ledger Payments and Agent payments)
Live_month_end_1.png

And then the last place and the most important of all is the actual month end close off screen'  Just double check, it should auto change but you need to make sure.

Live_month_end_2.png

 

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