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Setting Application Fees for Management Company Bank Accounts

Andy Goh avatar
Written by Andy Goh
Updated over 2 months ago

Application fees will only process if the building’s associated company has ProPay configured. These fees automatically use the building's operating account, irrespective of any linkage settings to the property manager’s book.

Linking Application Fees to Property Manager’s Account

To ensure the property manager collects all application fee income:

  1. Navigate to the Accounting > Companies page, and select the desired company from the left sidebar.

  2. Go to the Company tab, and scroll to the the Operating Accounts section.

  3. Click the Add Account button to add an operating account item override.

  4. Select the appropriate Application Fees item, and click Save

  5. Click on the new Operating Account section and select the item to set the operating account for the application fee item

  6. Repeat these steps for each company whose application fee income the property manager should collect.

This process ensures proper accounting of application fee income directly to the management company's bank account.

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