Month-End Processing Checklist

This guide is intended to give you a checklist of what you need to do in order to process a month of transactions in LMPM. In the future we'll be linking new sub-guides for each step, for now, please reference the checklist below.

• Reconcile Airbnb, Lynnbrook/VRP/ Stripe accounts (can be done throughout the month)

• Reconcile the current month's bank statement(s)

• Adjust any clearing accounts to $0, if applicable

• Review the Payments Due tab on the dashboard to verify bookings are paid in full

• Check and adjust any canceled bookings

• Transfer any owner or owner guest payments to the owner's statements

• Run Processing

• Review and fix any error logs in the processing report

• Review and check preliminary owner statements

• Once owner's statements are correct, close and lock month-end processing

• Record owner payments or print owner checks

• Pay all Taxes

• Pay all OTA/Travel Agents

• Pay Due to Business

• Record amounts to Operational Accounting Software