How can I add an end of financial year date to a Service charge block?

Zenya Allen
Zenya Allen
  • Updated

You can enter a financial year end date to a Service charge schedule by entering the year end date on the corresponding Management Company bank account.

Forcing a year end on a Service charge schedule will ensure your reporting for that year is in line with the  the financial year end on the Management Company.

  1. Double click Bank Accounts from the side menu
  2. Search for the relevant Bank Account using Search Text by Name, Code or Account Name
    1. Alternatively, find the Bank Account using Information Column in the dropdown menu
  3. Click on the Bank Account
  4. Click on the Default settings tab
  5. In Bank Reconciliation Defaults
    1. Tick Enforce Period End Date 
    2. Next Period End Date - Enter the financial year end date for the management company
    3. Period Frequency - Select Yearly
  6. Click the disk icon, Save this record, on the toolbar