Verifying Lockbox Payments—CINC-only Customers
Verifying Lockbox Payments—CINC-only Customers
One of the daily functions is to verify that the lockbox has been posted for the previous day.
Select Homeowners > Pending Payments. If you are using universal navigation, click Accounting > Daily > Pending Payments.
To Import transactions, specify All associations, check Post All Associations, then click Refresh. If there are pending payments, they will be displayed.
Click Post. This creates a batch called Autopayment.
Select Homeowners > Batch Posting. If you are using universal navigation, click Accounting > Daily > Batch Posting.
Select the checkboxes beside the entries to be reported on and click PDF.
Click Batch Audit Report on the left-side navigation menu under Recent Reports.
Review the Batch Audit Report:
If any checks are returned, post them to the homeowner ledgers to generate the reconciling item.
AI (Accounting Integrators) customers will also perform daily bank reconciliations.
Always transfer all funds needed daily or monthly, depending on how the system is set up.