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.