End of Month Preparations - Trust Pooling
Pre-End of Month checklist for Trust Pooling properties using RMS.
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.
Print & Check All Master Pool Account Statements
- 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.
- Apply Bulk Owner Charges to the Master Pools
Three Way Balance Report
- Verify there are no imbalances in reported figures.
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.
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