Differences between Estimated Close Date, Close Date, and Processed Date

In Properties > Basics screen of a closed transaction, there are these three dates:

1. est close date
2. close date
3. date processed

1. est close date - Estimated close date refers to the approximate date of closing the transaction. This is established once a property is set to close and the seller has accepted an offer from a buyer.

2. close date - Close date is the date user set as Post date for Accounting from the Properties > Post screen as the the closed, on record date. This date that will appear on the invoices, payable, and reports as the property's closing date.

3. date processed - This refers to the date a closing is processed in darwin Cloud. If the transaction has been un-posted to make any changes after the transaction has been posted, (add a referral dollar amount, add another agent to be paid on the transaction, etc) and then re-posted, the date that the transaction has been re-posted will be overwriting the previous date processed.

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