MONTH END CLOSE OVERVIEW

WHAT IS MONTH END CLOSE?

Each month Sequoia must “close” financial books and report on the overall financial status for each property within the portfolio. Month end close involves CMs/ACMs and the Accounting team to work in conjunction with each other every month to ensure compliance is met. There are two parts to the month end close process: Yardi Close & Financial Close. 

This user guide only describes how to perform the Yardi Close process.