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INTRODUCTION: LOT PAYMENTS AND CLOSING

Here is an overview of the chapter:

  • Lot Installments covers how to enter cheques (or other payment methods) against Lots ready to release them to the Payment Journal when the time comes to cash them.
  • Adding Lot Installment for Extras describes the process of entering a Lot Installment for Extras rather than a regular Lot Installment.
  • Sales Status explains how to indicate the movement of the Lot through the various buying stages with the purchaser.
  • Lot Closing covers the options and impacts of the standard closing process.
  • Closing Adjustments explains how to process the final financial postings against Lots.