Manage Condominium Fees and Bank Entries
Issue contribution fee requests to all units, track real-time collection rates, automate overdue reminders, and log all income and expenditure against each condominium with a live financial ledger — all in one place.
Key Capabilities
- Assign fees to individual units or entire blocks
- Bulk-issue contribution requests with one action
- Automatic invoice generation per unit
- Real-time collection rate dashboard
- Automated overdue payment reminders via email and push
- Log income and expenditure against each condominium
- Upload receipts and maintain a complete financial ledger
How Manage Condominium Fees and Bank Entries Works
A closer look at what's under the hood.
Managing Condominium Fees
Dominium revolutionises the management of contribution fees. Administrators assign fees to individual units or entire blocks with precision, accommodating different fee structures per building and variable share coefficients. Each fee request is automatically calculated, invoiced, and delivered to the resident — with the entire process triggering automatically at each billing cycle.
Automatic Invoice Generation
Each contribution request is automatically calculated based on predefined condominium fees and any additional charges that arise — such as common area upgrades or one-off repairs. Invoices are generated automatically, delivered to residents, and integrated directly into accounting records, eliminating manual work and ensuring every billing cycle runs consistently and without errors.
Bank Entries and Expenses
Administrators manage all financial transactions for each condominium directly within Dominium — opening and closing entries, categorising income and expenditure, and uploading supporting receipts. This creates an organised, transparent record of every financial movement within each building. Real-time transaction tracking with automated reconciliation ensures accounts remain accurate at all times.
Comprehensive Financial Oversight
Generate comprehensive income and expenditure statements for each condominium at any time. These statements cover regular fee collections, incidental expenses such as common area improvements, and all financial activity. Any discrepancies between entries and bank records are automatically flagged for review — providing AGM-ready documentation with minimal effort from administrators.
Ready to see Manage Condominium Fees and Bank Entries in action?
Book a free demo and we'll walk you through everything Dominium can do for your portfolio.