A guide for End of Month preparations for Properties using Trust Pooling.

Overview

End of Month preparations should be completed 1-2 weeks prior to the end of the current month to give properties sufficient time to action any outstanding items.

1. Print & Check All Master Pool Account Statement
   Compare Master Pool Account Statements against reservations on the Booking Chart for the current month.
   Verify charges and commissions for reservations to date are as required.
    
2. Apply Bulk Owner Charges to the Master Pools
    
3. Three Way Balance Report
   Verify there are no imbalances in reported figures.
    
4. Moneys Held in Trust Report
   Sort by Departure Date.
   Verify no outstanding Reservations from previous months with charges on the Reservation Account.
   Review any Cancelled or No Show Reservations.
    

Additional Information

• Bulk Owner Charges
  Used for adhoc charges to Owners and not for any recurring End of Month Expenses.

• Cancelled and No Show Reservations
  Accommodation Charges posted on Reservations with a status of Cancelled or No Show will not be included in Pay Owner/Manager and should be removed from the account.

Contact RMS Support for assistance with End of Month Preparations.