Asset Management Request, Approval & Payment Process
There are several approval and payment status combinations for community asset requests. The approval status depends on the type of action performed and by whom (e.g. request created by a resident = Needs Approval). The payment status depends on the payment method and validity (e.g. credit card with insufficient funds = Failed).
5 common mistakes in condo payment management
In this article, we’ll explore five common mistakes that property managers make when handling payments and offer practical solutions to avoid them. By addressing these issues head-on, you can streamline the payment process, reduce errors, and save valuable time.
Effective supplier payment management for condo managers
Effective supplier payment management is essential for reducing costs, saving time, and simplifying operations within condo corporations. By moving to a fully digital process with Otonom Solution, condo managers eliminate the need for physical cheques, envelopes, and postage—cutting down on material expenses.
Payments - Condo Control
Use Condo Control with a payment processing platform so that residents can take care of fees online. Approve invoices and pay vendors online so that your service providers receive their money on time. Send out custom condo fees to each owner all at once. Save money and time by completing this task online.
Hidden costs of manual payment tracking for condo corporations
Otonom Solution offers a simplified payment system that allows condo corporations to track payments more efficiently. By reducing the manual effort involved in tracking, Otonom Solution helps managers maintain a consistent cash flow, reducing the need for costly short-term financial measures and keeping the corporation’s finances stable and ...
GitHub - open-condo-software/condo: Condo is an Open Source …
Condo is an Open Source property management SaaS that allows users to manage tickets, resident contacts, properties, payment tracking, create invoices, and oversee a service marketplace, all while offering an extension system for mini-apps, making it an ideal platform for property management companies and those servicing shared properties ...
Unit Ledger - Condo Control
View balances and transactions for your building. Follow up with units that have past due payments. Condo Control makes it easier to manage resident accounts. Sort the ledger by unit, status, or balance. You can also conduct an all-text keyword search of the unit ledger using the search bar, as well as filter the ledger by balance type.
Accounts Receivable - Condo Control
Transform your AR workflow by eliminating complicated documentation processes and paper receipts. Create invoices or credit memos, email them, customize different types of charges, and log payments, all from one platform.
New Management System - Milltown Village Condominium
2021年3月2日 · PMI has begun utilizing a new HOA management system called CINC. You will be able to make online payments, view all previous payments, and your payment status. Keep up with the community calendar, see when the pool is open, what construction dates etc...
7 Highly Effective Cash Control Procedures for Your Condo …
2023年2月10日 · Condo associations must enforce strict cash controls and divide accounting duties among multiple individuals. It is crucial for different people or groups to separately handle tasks such as paying bills, recording income and expenses, reconciling bank statements, and maintaining other financial records.