Course Content
Excel Property Management
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Accounting

What does the monthly accounting close mean?

The company compares its collections on a month-to-month basis.
The monthly accounting close is the period that these collections take place.
Property collections are how much money each property has collected individually and as well as a company.
The dates are the same every month this way the comparison can be as accurate as possible. 

 

When are the monthly collection opening and closing dates? 

  • The 27th (midnight) – Opening Date
  • The 26th (11:59 pm) – Closing Date
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