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Setting a Building’s Operating Account Without Changing the Company Account

Explains that a building can have its own operating account that overrides the company’s account.

Theodore Lau avatar
Written by Theodore Lau
Updated over 2 months ago

In Property Matrix, you can assign an operating account directly to a building without affecting the operating account set at the company level. This allows for flexibility when different buildings within the same company need to deposit funds into separate bank accounts.

For example, if a company has multiple buildings—such as Building A and Building B—you can configure Building A’s operating account to be the owner’s bank account, while Building B can continue using the company’s default operating account. For more details on how to set a building's operating account, see our Setting Operating Account by Property article.

When an operating account is set on a building, it will always override the operating account defined for the company. This means you do not need to create a new company to separate bank accounts for individual buildings, and you can keep all buildings under the same company structure while still directing funds appropriately.

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