Close the period cleanly and get the overview of the portfolio.
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1
Check all bookings of the year; clarify open items (collection/dunning).
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2
Review income statement & balance sheet per property in accounting.
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3
Once everything has been checked: in the year bar of the journal, click “Close the year”. From then on this year is locked — posting, editing, reversing, deleting and importing are no longer possible, on every path, including posting from another tool.
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4
If a correction is needed after all: explicitly lift the close, correct, close again. Who lifts it and when is recorded — closing is therefore not a one-way street, but neither is it undone unnoticed.
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5
In reporting, analyse consolidated key figures, budget-vs-actual and multi-year trend.
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6
Secure receipts for the archive (Compliance Pack for 10 years retention).
Tool from launch: → ReportingTool from launch: → Accounting