On-demand fees for an on-demand future
In 2018, we live in an on-demand economy. As consumer behaviour changes, so must the way businesses deliver their services.
More than ever, we are seeing agencies moving away from a flat percentage charge for Property Management services to a dynamic fee structure. But to do that effectively, the trust accounting to manage these fees also needs to be dynamic and customisable.
On-Demand Fees allows you to do just that. It’s an advanced trust accounting feature new to Console Cloud, and it allows property managers to create custom fees and charge them as they need, on an ad-hoc or recurring basis. Create your fee in office settings > management agreement and when you’re ready to charge it, just press the button. Console Cloud takes care of the trust accounting.
This new feature means no more journalling credits and debits, and no more engineering trust accounting work-arounds for unexpected or new fees.
It’s an industry first, and we’re proud to launch it in Console Cloud.Create your own customised fee schedule for a management agreement in the Settings tab. Simply tick the fee to add it to your management agreement. You can overwrite the fee amount at any time. And you’re set to go!