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Tag: Money

Understanding Harmony: Choose Your Own Payments

Dec 17, 2023HERO PM NewsHarmonyHarmony, Money, Payments

You’ve got to collect money from your occupants, and your occupants want to pay online. In some cases, your occupants want to automate this with a set-it-and-forget-it solution. For all this and more, HERO Harmony has you covered, and it’s better than what you’ll find anywhere else. When accepting online payments with Harmony, there’s no…

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Understanding Harmony: Should I Pay or Should I Go?

Aug 28, 2023HERO PM NewsHarmonyaccounting, Agreements, Harmony, Invoices, Money, Work Orders

In property management, there are times where we need specific approval from an owner or association before paying an invoice on their behalf. In other cases, we may require internal review of invoices before they can be paid. This may depend on who the invoice is for, what it’s for, or how much it’s for.…

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Understanding Harmony: By the Numbers

Jun 17, 2020HERO PM NewsHarmonyaccounting, Harmony, Money, Settings

When entering financial transactions, you’ll choose account codes for the transaction. Some people like to use numbers for these codes, while others prefer account descriptions. Harmony makes it easy to use either or both. You can either enter an account’s code, or its description, and it will pull up that account. If you usually use…

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Understanding Harmony: Play it Again, Sam

Jun 11, 2020HERO PM NewsHarmonyAgreements, Harmony, Money

Charges and bills often recur every week or month. Harmony makes it easy to set up recurring financial transactions. When creating a management agreement, you may have management bills to the owner that recur on a schedule. A base management fee or administrative fee may be billed every month. An annual management fee or performance…

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Understanding Harmony: The Complicated Owner

May 8, 2020HERO PM NewsHarmonyAgreements, Harmony, Money, Owners, reports

Do you remember when you had your first owner, they had one rental house, and life was incredibly simple? Growth in property management usually involves some increase in complicated situations. Your owner may have bought a four-plex. Then she may have gone in 50-50 on a duplex with her mom. Then she joined with a…

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Understanding Harmony: Queue it Up

Mar 12, 2020HERO PM NewsHarmonyHarmony, Messages, Money

Some things are better queued. There are areas in Harmony where you want to do all the work now, but produce the result later. We’ll look at a couple of these. If you write checks, you’ll often want to perform the financial transaction now, and issue checks at the end of the day, week, or…

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Understanding Harmony: Hold it Right There!

Jan 29, 2020HERO PM NewsHarmonyHarmony, Money

Sometimes you need to hold back money for an expense that you know is coming, but hasn’t hit the books yet. Whether it’s a roof, a water heater, or an AC unit, Harmony has your solution! While some solutions require that you adjust the owner’s distribution reserve, then set yourself a reminder to adjust it…

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