Propertyware Knowledge Base

Category » Management

There were 23 articles found in this category:

1. What is the Management Module?
   Propertyware’s Management module helps property management companies to track the finances for their owner’s portfolios, track owner contacts, generate management fee bills, track all communications with their owners and much more. What is a Management Fee? A Management Fee is a fee ...
2. Management Settings
   Your Propertyware administrator can configure settings to reflect how your management company does business. From the Management section within Setup your administrator can: · Edit management info · Customize your owner’s statements · Conf ...
3. Management Summary Page
   Propertyware’s Management module helps property management companies to track the finances for their owner’s portfolios, track owner contacts, generate management fee bills, track all communications with owners and much more.       The Management module is comprised of a summary page and the ma ...
4. Management Fee Calculator
   The Management Fee Calculator enables property management companies to calculate their management fees based on the management fee rules set on each portfolio. This calculation may be performed as often as desired. You will want to take the following things into consideration when creating your ...
5. Management Fee Rule
   There are two ways you can configure your company's management commission structure for the buildings you manage. You can set the rules globally on all buildings from the Management Settings page of the application should you wish to apply a uniform management fee rule to all buildings you man ...
6. What is an Owner Draw?
   An Owner Draw, a feature typically used by property management companies, refers to any money paid out to a portfolio owner. Owner Draws are paid out from portfolio income (i.e., rental income which is deposited into a portfolio's Rent account) for the purpose of paying the portfolio owner hi ...
7. Viewing Owner Draws
   To view a summary of all Owner Draws for a specific Portfolio: Click the Management Tab. Click the Summary button on the sub-navigation bar. From the Portfolio drop down menu, select the portfolio for which you wish to view a history of Owner Draws. Using the Date Range drop down menus, fi ...
8. Recording Owner Draws
   Owner Draws can be recorded as either checks or ePayments. When you record an Owner Draw as a check, you can choose the Check To Be Printed option in order for that check to appear in the "To Be Printed" Queue within Money Out>Print Checks. When you record an Owner Draw as an ePayment, the ...
9. What is an Owner Contribution?
   An Owner Contribution, a feature typically used by property management companies, refers to funds contributed by a portfolio owner for the purpose of covering expenses incurred on behalf of the Portfolio. By default, Owner Contributions are recorded in an "Owner Contribution" account, which app ...
10. Recording Owner Contributions
    To record an Owner Contribution: Click the Management Tab from any page of the application. Click the Summary button from the sub-navigation bar. From the Portfolio drop down menu, select the portfolio for which you wish to record an Owner Contribution. Click the Owner Ledger sub-tab loc ...
11. Viewing Owner Contributions
    To view a summary of all Owner Contributions for a specific portfolio: Click the Management Tab from any page of the application. Click the Summary button from the sub-navigation bar. From the Portfolio drop down menu, select the portfolio for which you wish to view a history of Owner Con ...
12. What is the Portfolio Balance?
    The Portfolio Balance is the sum of money held in trust accounts for the Portfolio.This balance includes money assigned to the portfolio held in all bank accounts linked as well as the Undeposited Funds account. Money received into accounts flagged as “Escrow” accounts are excluded ...
13. Storing Management Fee Calculations
    When you use the Management Fee Calculator to create your Management Fee Bills at any time, whether the Management Fee Bill is paid or unpaid, the generated Management Fee Calculation is stored in the Management FeeC alculations subtab within the Management Summary for the applicable Portfoli ...
14. Setting a Management Fee Rule for Each Building
    By default, the management fee rules in Propertyware are set at the portfolio level and apply to all buildings. In order to setup a different percentage based management fee calculation for each building in a portfolio, your administrator will need to setup separate income accounts in your char ...
15. Post all Owner Draws
    Description Post all owner draws is a process flow in Propertyware that allows you to pay the owners you want and prepare and print/email statements in just a few clicks. Posting All Owner Draws Steps Navigate to the Management tab. Click the Post All Owner Draws li ...
16. Your Management Company Portfolio
    If you are a Management Company, and you decide that you want to track Management Income for your Management Company, then you can setup your account to include a Management Portfolio and a Management Company Vendor to record your company's management income and expenses. These settings can be ...
17. 1099 eFiling (Tax Year - 2011)
    Description The deadline for electronic filing is April 2, 2012. In preparation for electronic filing of 1099s through Propertyware, users shoudl complete and submit the application for electronic filing. Click here for the Application for Filing Information Returns Electronically (FIRE). Steps ...
18. Generating 1099s in Propertyware
    Description Propertyware can automatically fill in the blanks of form 1099-MISC, either via a printout or e-Filing. Below are answers to the most frequently asked questions about this process. What is a 1099? Form 1099 is an official IRS document that shows how much money you have paid an ...
19. Printer Settings
    To ensure that your checks, 1099s, and other important documents print correctly, you should make sure the following printer settings are complete when your Print pop up window displays. If your PDFs are printing outside the printable area or are not aligned this may correct that. Page Scaling ...
20. Why do my Management Fees Appear as Unpaid?
    There are two reasons your Management Fees appear as unpaid: You Created the Bill as Unpaid. When you go to the Management Fee Calculator, you have an option to create the bill as either Paid or Unpaid. If you create the bill as Unpaid, you will see the following: The Bill will appear in the M ...