Transactions: Adding/Editing Transaction in a Closed Period

Created by Paul Hoffman, Modified on Wed, Jan 24, 2024 at 3:25 PM by Paul Hoffman

In ResMan, unlike other Property Management Systems, the Accounting Date, controls the Date - meaning that if the accounting period is in April 2023, you are not able to enter a date for Feb 1, 2023, since that accounting period is closed.

When you Edit a Transaction, you are Replacing it with a New One.
When you Reverse a Transaction, you are removing it and not replacing it.

All prior period Corrections must be completed by Support@s2res.com. Supporting documentation for justification of the edit, must be sent. Please ensure you cc your DOO.

To Enter a new Transaction, for a prior period, you will do the following:

Date: Enter 1st of Current Month (i.e. 4/1/2023)\
Type: Select appropriate transaction type (i.e. Charge, Credit)
Category: Select Transaction Code (i.e. Payment, Rent, etc.)
Description: Transaction Name/Reason - Month Year (i.e. Rent - Feb 2023)

Edit Transaction

Reverse Date: 3/30/23
Notes: Adding Rent - correction to date & description
Date: 3/1/2023
Description: Rent - Jan 2023

Editing Transaction

Reverse Transaction

New Transaction