Invoice Automation

What is invoice automation for your HOA?

Invoice automation for HOAs is built into most administrative and accounting software designed for homeowner association management. This feature saves mailing expenses in the issuance of bills for dues, fees, fines, and other charges assessed to HOA members. By eliminating lost or delayed mailings, it enhances rates of on-time payment. Well-designed software makes it simple to bill an entire HOA community, groups, or individual homeowners and can be coded by revenue category, adding further efficiency and accuracy to the HOA’s accounting. Invoices can be sent on monthly, quarterly, or any other time basis, and integrated banking can make electronic receipt of HOA fees equally simple.

Why is invoice automation important?

If you’re a board member of a homeowners association, a management firm hired by an HOA, or a property owner living in a HOA-governed community, there’s every reason to love invoice automation. For board members and managers, sending electronic invoices eliminates the cost and time of printing, postage, and stuffing envelopes. Better yet, it means no invoices get lost in the mail. Invoice automation in HOA-specific software should be easily set to generate by any time spacing, for any recurring purpose, and for the entire community or any portion thereof. Combined with a payment-receipt feature available with HOA management software that includes integrated banking, HOA managers and directors can collect payments automatically as they issue the invoices.

How can you use “invoice automation” in a sentence?

Invoice automation for HOAs saves mailing expenses, lost and delayed bills or payments, and most especially time.