Taking over a community and posting the opening position

When the administration changes, you create the community on the existing property and take over the previous administration's closing statement: owner balances, renewal fund, bank account, open supplier invoices and open resolutions, each with its source.

1. 1

   Under "STWEG communities", choose "Take over community", search for the property and leave "Carry over units" on: each unit becomes a condominium unit with its recorded value quota. Confirm with "Take over".

2. 2

   Open the "Opening position" tab. Enter the "Cut-over date", the "Previous administration", the source and the totals according to the closing statement and the bank statement.

3. 3

   Enter the items with "Add item", or use "Download template" to get the Excel template, fill it in and apply it after the "Preview". Every item needs a source; for an owner balance, positive means arrears and negative a credit.

4. 4

   Check the "Reconciliation with the bank and the previous closing statement" and choose "Post opening". Then reconcile with "Reconcile"; a remaining difference needs a reason.