Soft Close Review: Production and Financial Reports

In this section, you will review all Reports with your Team Leader or Operating Principal.

1. Review the Production Reports that you have printed.
   Key reports are the Closed Transactions, Written Transactions and Listings Taken Reports. Look for any extra large or small values that may indicate incorrect data has been entered.
2. Review all the Financial Reports that you have printed. If your TL or OP has questions, print a General Ledger Trial Balance Detail for review.
3. If necessary, correct any errors and reprint corrected reports.
4. Obtain Operating Principal and/or Team Leader approval.
   
   

Note: Complete all of the previous tasks on a weekly basis as part of a “soft close.” This will help you prepare for the weekly four conversation. Also, if you are checking your key reports and watching your key numbers, you will limit the number of unanticipated issues during transmittal. Be proactive, to improve your chances of having a smooth transmittal.

Note: Do not proceed with any further transmittal tasks until you have received approval and are ready to transmit.