I am wanting to close my Month End off early due to Christmas what should I do?


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


Dates are important in Palace so there is some places 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 of December 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, as 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 of Dec and reconciled, but today is the 21st of 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 onwards)

When the pop up comes up for Owner Payments - Double check the date for these transactions as these should fall in line with your close off date. (Or Creditor Payments, Ledger Payments and Agent payments)

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.

Once month end has finished, make sure you change the Next Month End Date to the 31st January



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