Recording Condo Fees

Condo Fees pulls the condo unit information from all your properties and creates entries that will be saved in Receivables to manage and make deposits. Condo fee expenses can also recorded for condo unit owners who rent their unit if indicated on the owner's financial page. The first time you run Condo Fees you will need to confirm which revenue accounts you want to use.

1. From the Task page click on Condo Fees

2. Select which properties you wish to create condo fee accounts receivable entries for 

3. Enter the posting date

4. Click create

5. Review and adjust the amounts if desired. The amounts are taken from the condo unit record

6. Click Post Condo Fees to record the condo fees for collection

If you are enrolled in Autopay your condo fee transactions are automatically created for you on the last day of the prior month. Those properties will not have transactions created by the Condo Fee task to avoid duplicate entries.