financialv1.2
Month-End Close Workflow
Month-End Close
Complete all reconciliations → review outstanding items → generate statements → approve → lock period → archive.
AccountantAdminProperty Manager
⚡ Trigger: Last day of accounting period
1
Complete Bank Reconciliations
All bank accounts reconciled for the period with zero differences.
Role: AccountantTrigger: Month endAction: All bank accounts reconciledSLA: 48h
2
Review AR Aging
Review outstanding receivables. Follow up on delinquent accounts.
Role: Property ManagerTrigger: Bank recs completeAction: AR aging reviewed, follow-ups sent
3
Generate Owner Statements
Statements generated for all owners for the period.
Role: AccountantTrigger: AR reviewedAction: Statements generated and reviewed
4
Process Owner Distributions
Owner payouts calculated and processed.
Role: AccountantTrigger: Statements approvedAction: Distributions processed
Owners: Statement and distribution notice
5
Run Financial Reports
P&L, Balance Sheet, and Cash Flow reports generated and reviewed.
Role: Accountant / AdminTrigger: Distributions completeAction: Reports generated and reviewed for anomalies
6
Lock Period
Accounting period locked. No further transaction posting allowed.
Role: AdminTrigger: Reports approvedAction: Period locked in system
