A charge is a financial transaction that represents money owed by an association owner. Sometimes charges are known as accounts receivable or A/R.
Entering charges correctly helps you track delinqu...
Buildium has a bulk charges tool that can create charges on multiple association owner ledgers at one time.
The bulk charges tool is only available per association, it will not add charges across s...
After you've added your association owners and posted charges for money owed, you may need to make edits to the charges if it has the incorrect due date, amount, memo or account type.
In this arti...
A recurring charge is an automated posting mechanism that shows money owed from a resident based on a pre-set frequency.
For example:
Whenever a new Association Owner is set up as a resident, a re...
In Buildium, you can delete association owner charges in a few different ways.
In this article, you'll learn how to:
Delete a charge posted to an account ledger
Delete a recurring charge
Delete re...
Collecting payments, like association fees or late fees, is essential to the success of your business.
In this article, you'll learn how to:
Receive an association owner payment
Receive associati...
You can edit certain fields on association owner payments that have been recorded in Buildium.
If the payment has been deposited and has been reconciled, only certain fields will be editable. If yo...
In Buildium, you can delete a payment from an association owner if it has not been deposited or reconciled. If you want to delete a payment that has already been deposited to a bank account in Buil...
In Buildium, you can record a reversal an association owner payment due to a bounced check and add an NSF fee or bank fee at the same time.
To reverse a payment from an association owner:
Type the...
This topic discusses the common things to do regarding association fees. Your individual requirements may vary depending on local rules and generally accepted practices. If you're not sure, seek o...
A withheld deposit is a liability account, from a resident, that is reallocated as income to cover an expense(s).
Synonyms include applied deposit and security deposit income.
For example:
If resi...
A credit is a financial transaction that reduces the amount of money owed by a resident without increasing a bank balance or accepting payment.
For example:
Since the resident repaired the concret...
A recurring credit is an automated posting mechanism that shows money owed to the resident based on a pre-set frequency.
For example:
Harry gets $50 off if he pays by the 1st of the month. I've se...
