Curious to know how long is your month end close out?

The company I work for it is ridiculously lengthy, with a 6 pg checklist and must be done on the 25th monthly regardless if it's on the weekend or holiday! My previous MGMT company we literally completed it in 10 minutes. Miss those days.. harbor group

What software do you use? Many have month end reports that can be scheduled and preset.

Yardi

I’m the controller of our company. We use Yardi. We close on the last day of the month regardless of whether it’s a weekend or not. (Accounting reasons). There is a long checklist for site staff but it’s full of instructions on how to run the reports the site staff needs to review. If the site staff is working their paperwork as they should month end on site should be very simple. Since I’m the person that closes the month my workload depends on how well the site staff completed theirs.

Support staff (corporate) should work on shortening as many processes as they can for onsite management so they can spend more time on their residents, building team and getting out on their properties.

Jennifer Lea Yoneoka I totally agree. I don't understand why it's done this way at all.

Is your property tax credit? That’s the only time I ever had a ridiculous checklist.

No it's not

Estrella Santi well that’s just ridiculous. Is there things you can do daily during the month that can shorten your list? Like adjustments, write offs, Sodas

I'm familiar with that checklist. If everything is done on time prior to ame then it's just a matter of running reports and checking that off the list.

Nora Griffin Exactly. So if the 25th falls on a weekend, why not just complete everything that Friday?

Estrella Santi I did. Or if I wasn't already in the office had whoever was working run the reports.

Nora Griffin what if there is a move in on the weekend?

Estrella Santi If I wasn't there. Either they would move them in, run the $, and rerun the report or b. Change the mi date to day after and I would notate on the report. Accounting never gave pushback.

Leasing can move them in but they don't know how to post money

Estrella Santi Cross training was my friend. ???? And I know it will be the next big push coming out.

I have a lengthy AME checklist (Yardi) as well. However as long as we complete our daily task... daily then my AME is done with the exception of a few things we must wait for (Apply Credits, First of Month Billing & emailing the reports). I knock out that checklist in 10 minutes easily! ????

RealPage here. 2 pages. Takes 20-40 minutes.

ugh, that is annoying. I don't have any closeout paperwork. Just press close property.

Had mine today literally takes us 5 min.

Ours are always done on the same day each month and if it's a day I am off I come in to do it so reports are pulled for that day. Sometimes its quick but if there are fixes it can take longer

I'd be curious to see any AME checklists out there for Appfolio users.

My checklist is lengthy but super quick and closeout takes me about 20 minutes if I have my door closed lol

Ours is onesite ame, 10 minutes at the most.

Ours is 3 pages as long as takes to run reports and done

We have a pre close process done between the 20th to 23rd. Set up to generate in OneSite, 4 pages, auditing 4 or so reports. Due to the RPM on the 24th. RPM audits and approves. Then, closing is due to the accountant on the 25th which is a run of final reports. These are also set up in One Site to generatenall at once. If done properly, it could take 3 hours for about 600 units or more.