Check for Missed Unit Rent Payables and Expenses
Using the Batch Posting routine, and the Print or Export options at the bottom;
1. Run the Batch Posting Report for “Rent Type” services for the previous period to validate that all rents and rent extensions were paid. Post any outstanding amounts.
2. Run the Batch Posting Report for all other services for the previous period. Look for any amounts that appear out of line. Continue posting A/P until all Unit expenses have been received. This should eliminate the need to accrue most Unit expenses. Accrue if necessary.
3. Run Company P&L by Unit Report. If there is a zero for the period and the lease dates reflect that a bill should have been received, track it down and post and pay it. Remember to select correct period when posting payables for the prior period. Run a new P&L by Unit report – Should be clean for the period.
4. Process checks as needed.