Bank Integration
Lockbox
Lockbox payment processing offers a convenient way to streamline your accounts receivable process. If your company or association uses lockbox services through your bank, Condo Manager can help you automate your accounting process. We will work with any bank of your choice to ensure the lockbox posting file they provide meets the appropriate importing specifications so processing is quick and painless.
ACH and Checks
Many homeowners prefer to pay their dues and other fees directly from their bank account, whether it is by ACH draft or a physical check. Once each homeowner’s bank information is linked to their account, processing ACH draft is as simple as a few clicks. Process the transaction and Condo Manager automaticallys create a NACHA upload file for your bank to draft the payments.
Condo Manager allows you to process one check or a hundred with a compatible MICR scanner. If you have an electronic check scanner with your bank, you can also process as usual then request a scan file from your bank to import into Condo Manager.