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What is the difference between Change Current Period and Close Period?


Instruction

Change Current Period: This process moves the property into the new month. It is typically performed by on-site users. It locks users from entering dates in the prior months (unless they have rights to enter prior period entries).

Note: Move In's & Move Out's can only be dated in the current accounting month...regardless of security rights.

Close Period: This process closes the GL/AP Accounting period. Typically this is done by the accounting staff later in the new month (after doing bank reconciliations). If a period is closed, no one...regardless of security rights may make an entry into that period.

You can check your current period and view any unclosed prior periods on the Boardroom: Property Summary 

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Permissions and Settings

To [action] you need permission to [name of permission]. To do this go to Admin > User >  (Select User) > Change Permissions > [Settings Category] > [Name of Setting]

In order to [action], you need to [Description of Setting]. Click here to read how to set that up.

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