Set Month End

Monthly owner statements that you create in CiiRUS need to be "finalized" before you can send the statement to the owner.

When a statement is finalized, it cannot be modified, and copies of the statement are permitted for distribution to the owners. All remaining balances of the finalized statement (as well as any changes that need to be made) are carried over to the next month.

To Access the Finalize Month screen, go to:

  1. Accounting Functions
  2. Finalize Month

Finalize Month for a Single Property

To finalize the owner account statement for a given month,

  1. First select the property belonging to the statement being finalized.
  2. Make sure Selected Property is chosen (if not you will finalize ALL of your owner account statements)
  3. Set Month End - This will determine which statement Month you would like to finalize
  4. Set Year End - This will determine which statement Year you would like to finalize
  5. Press the Set Month End Button
  6. Another window will appear asking you to confirm your selection; click Yes to finalize the month.

If you finalize a statement and later realize there is a mistake, you will need to reconcile the error on the next un-finalized statement.

Finalize Month for All Properties

To finalize ALL of your owner statements for a given month, under the Finalize Month window, leave the property dropdown where it is, as It does not matter which property is currently selected.

  1. Set Month End - This will determine which statement Month you would like to finalize
  2. Set Year End - This will determine which statement Year you would like to finalize
  3. Make sure All Properties (WARNING: This will finalize ALL of your owner statements up to the select month and year, and this CANNOT be undone).
  4. Press the Set Month End button
  5. Another window will appear asking you to confirm your selection; click Yes to finalize the month.

If you finalize a statement and later realize there is a mistake, you will need to reconcile the error on the next un-finalized statement.