Money Manager Multi-level Access

Apr 20,2015 / By Team Commonfloor Groups / No Comment

Handling Community Accounting on CommonFloor Groups just got more efficient and awesome! Money Manager now has multiple-level access for Committee members and Staff accounts. You can now restrict the rights of members with access to Money manager as you wish, and ensure a tighter control on your Accounting data.

Under Admin view, click on Committee> Add/ Edit Committee member. You will see the following view:

Here, under Money Manager, a Committee/Staff member can be given any one of 4 levels.

Following is a deeper understanding into what these 4 levels mean.

	Level 1	Level 2	Level 3	Level 4
Who could they be?	Committee members who don’t handle Accounting	Staff members who perform basic data-entry transactions	Property/ Estate Managers who handle day-to-day activities of Accounting	Committee member handling Accounting (full access)

Landing page (list of all entries)	Y	Y	Y	Y
Download/ Print	Y	Y	Y	Y
Add entry	-	Y	Y	Y
Edit entry	-	-	Y	Y
Delete entry	-	-	Y	Y
Modify Settings	-	-	Y	Y
Approve entry	-	-	-	Y
Settle entry	-	-	-	Y

Points to note:

These Access permissions are valid for all sub-modules within Money Manager – Income, Expense, Bank and Ledgers.
All current Committee members and Staff have been updated to Level 4 (highest access) by default
A Staff member with Level 4 access will still NOT be able to Approve Invoices or Payments; this will be restricted only to Committee members with Level 4 access

So, ensure that your Community uses Money manager efficiently and ensure a tighter control on your Accounting data.

What do you think of this new feature? Let us know in your comments below.

Product Updates

Manage your Apartment Finances, even more efficiently!

May 29,2014 / By Team Commonfloor Groups / 2 Comments

In our constant endeavor to help you manage your apartment complexes more effectively, we have added a set of feature enhancements to our Money Management module. Some of the key changes introduced are:-

1) Seamless Integration with Asset Management: – With this integration done, any asset transaction (Purchase/ Sold) will now reflect in the accounting reports.

2) Simplified Journal entries: – Recording a Journal entry in the Money Manager module is now simpler and standardized.

3) Audit-ready Accounting Reports: – We have worked with accounting experts to ensure that our reports adhere to the accounting standards and have adopted the widely accepted ‘Accrual’ basis of accounting.

4) Additional Ledgers In Trial Balance: – Separate ledgers have now been provided for the following:-

Penalty on Maintenance Dues (will be shown under ‘Penalty’)
Service Tax raised (will be shown as ‘Service Tax Payable’)
Each bank account (will be shown as a separate ledger)
Settling of invoices (will now reflect as ‘Discount on Settlement’)

Above changes should help you in:

1) Getting relevant Asset entries in Trial Balance and other accounting reports.

2) Generating accurate and reliable accounting reports that are also audit-ready.

3) Easily recording journal entries and updates on the portal

4) Bringing more clarity to treasurers regarding trial balance entries.

Got an idea or suggestion?

Tell us what you think of these refinements in the comment section below or drop us an email with your suggestions at support@commonfloor.com and we’ll be all ears!

Tag Archives: Money Manager

Money Manager Multi-level Access

Manage your Apartment Finances, even more efficiently!