Accounting - Post Monthly Charges and Payments

Navigation: Accounting - Post Charges - Monthly Charges and Payments
Purpose: To post the monthly charges and payments to the Owner Ledgers monthly.

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• This will post all the charges that were set that includes CEF, Parking, Locker and Misc. Fees
  • If you have Special Assessments, Revised Assessmenst and Rentals, these charges will also be posted
• This will also post the payments set in Shiftsuite Accounting i.e. PAPs, Post Dated Cheques and Single Cheques 

Note: The process was designed to post both the charges and payments at the same time.  If you are in a position where you need to just do the charges, you can unselect the payment by unchecking them).

Shiftsuite uses an undeposited fund account to post the payments prior to them being deposited to your bank.

It also uses the Chargeable Item list to know what Debits and Credits to use and will populate this in the Post Monthly Charges and Payments form.

When you click Post you will get a validation warning.

• Click Yes to complete the posting of the charges and payments and proceed to the following month.
• Click No to process the payments and stay in the current month.

Click Cancel to cancel this process.

Special Note: If you are posting this for the 1^st time you will not get this validation and stay on the current month.  This happens when you are setting up the Corporation for the 1st time.