How Can I Add a Flat Fee to Charge a Property Owner in Property Matrix?
Adding a flat fee to charge a property owner in Property Matrix is done using the Management Charge feature. This feature allows property managers to record fees charged to owners efficiently. Below is a step-by-step guide to help you through the process.
Introduction to Management Charges
The Management Charge feature is designed to simplify the process of billing property owners for one-time or recurring fees. Instead of creating an invoice under the owner’s profile, you can use this feature to record the charge directly. This ensures accurate accounting and streamlined management of owner-related expenses.
Step-by-Step Guide to Adding a Flat Fee
Follow these steps to add a flat fee as a Management Charge:
Common Scenarios and Solutions
FAQs
Can I create an invoice under the owner’s profile instead?
No, the Management Charge feature is the recommended method for billing owners. Creating an invoice under the owner’s profile is not supported for this purpose.
What if I need a different expense category?
You can create or select a different expense category during the setup of the Management Charge if the default options do not meet your needs. By following these steps, you can efficiently manage flat fees and charges for property owners in Property Matrix. For further assistance, consult the application’s help resources or contact support.
How does the flat fee method for management fees work? Does it calculate on each item selected and generate a flat fee for that item?
Management Fee structures can be set to a Building, Unit or Company grouping.
One flat fee will be charged for each grouping that matches the criteria. It will not charge on every line item.