Before you can pay management fees, the management fee invoices must already exist. Fees can be created manually or calculated automatically from your management fee setup. See Calculating Management Fees for help creating the fees first.
Pay Multiple Management Fees
Go to Companies from the left sidebar.
Click Actions.
Select Fees.
Open the Pay Fees tab.
Select the checkbox next to each company or owner you want to include.
Expand a company row to review its bank account details.
Click Next.
On the confirmation page, expand the bank account row to review the payment details.
Select the payments you want to confirm.
Click Save Payments.
Click OK to confirm.
Payment Details
When paying multiple fees, Property Matrix shows owners and their calculated fee balances. Select the appropriate bank account for each payment. This is the owner’s account that the management fee payment will be drawn from.
You can adjust payment amounts before saving. If you pay less than the full balance, the remaining amount stays open on the original invoice.
After saving payments, deposit the funds into the appropriate bank account from the Accounts area. See Depositing Funds for more information.
Pay An Individual Management Fee
Go to the company’s Management Fees area.
Open the Current tab.
Find the management fee you want to pay.
Complete the Make a Payment form.
Click Make Payment.
The form may include payment type, bank account, check number, memo, date, and amount.
By default, payments apply to the oldest invoices first. You can adjust invoice line amounts manually if you want the payment applied differently. After changing invoice amounts, update the total payment amount before clicking Make Payment.