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Pre-authorized Payments

Co-owners authorize you to each month withdraw from their account the amounts of their condo fees.

Pre-authorized payments by Otonom Solution

Section titled “Pre-authorized payments by Otonom Solution”

For each unit, you must:

  • Enter their banking information,
  • Activate the automatic withdrawal option,
  • Set the withdrawal day.

Then each Otonom payment will be created automatically.

Sending payments to Otonom is configured in the Administration / Payments section.

  • If you enable the Automatically send unit payments to Otonom option, unit payments will be automatically sent to Otonom when they are created.
  • If you do not enable the Automatically send unit payments to Otonom option, unit payments will only be sent when you click Send to Otonom.

Pre-authorized payments on your bank’s website

Section titled “Pre-authorized payments on your bank’s website”

You can record these transactions in the Units section by clicking on + Transaction and choosing the Pre-authorized payment option.

You pay suppliers by pre-authorized payments each month.

In the Suppliers / Info / Recurring Invoices section, it is possible to record a monthly payment to a supplier.