Condo Manager - HOA and condominiums association accounting software
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Receivables Accounts

Condo Manager comes with a complete accounts receivable module allowing to:

Charge and Collect Maintenance Fees

  • Calculate and charge automatically maintenance fees and special assessments
  • Create invoices for sales of services or products (e.g. ownership acts; remote controls, etc.) (Invoice can be personalized with your logo and colors).
  • Collect rapidly and easily the payments received by checks, money, and lockbox or via direct debit (ACH).
  • Use a check scanner to speed up entering payments by checks.

Print Payment Coupons

  • Print payment coupons that could be sent back to you by your owners with their checks.
  • Option to print late payment fees on the payment
  • Option to print OCR line on the coupons
  • Export coupons data to third party printers if needed (South Data, Bank-A-Count, BestBill…)

Print Statements of Accounts

  • Print or Email the statements for any period
  • Choose the format to be use (top or bottom stub, no stub, personalized)
  • Exclude owners paying by pre-authorized electronic payments or not.
  • Print only for accounts with a minimum balance
  • Exclude owners sent to attorney
  • Allows producing a PDF file grouping all statements within the same file (if you want your statements to be printed by another company).

Charge Interest and Late Fees

  • Calculate and charge automatically interests and/or penalties on late payments.

Use Invoicing Groups for recurrent charges

  • Select the accounts, define the amounts and descriptions to be used (e.g.: TV cable; outdoor parking, etc.) Process the groups as often as you want or attach them to the Regular Assessment so that they are processed automatically each time you are going to execute the Regular Assessment. No need to launch it yourself… or even to think of it.

Manage Delinquent Accounts

  • Produce aging reports (30, 60, 90 days) – summary or detailed.
  • Manage NSF checks easily with an automated function.
  • Track bad payers using the Collection Follow-up module
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