In Singapore’s property management industry, “consistent by area” billing is crucial for maintaining fairness and transparency across unit owners — especially in developments where management fees are apportioned by share value or square meter. Yet many managing agents still struggle to keep these calculations uniform across hundreds of units and multiple properties.
Here’s how modern managing agents achieve consistency, compliance, and calm in their owner billing routines.
The foundation of consistent billing is a single master list of units and their associated area or share value.
This table should be verified once (usually at project handover or first AGM) and used across all billing templates.
With ccMonet, you can import this data once — the platform then applies the correct rate automatically every cycle, ensuring every owner’s management fee and sinking fund contribution are proportionate to their unit’s share or area.
Human input is the biggest source of inconsistency.
Instead of calculating fees manually, ccMonet allows agents to:
$X per share value or $Y per sqm)This ensures every unit’s billing stays mathematically consistent across months, even as charges are updated.
When the council or MCST revises fee rates, agents can update the rate table in ccMonet once — and the system will automatically apply the new formula to all future invoices.
Each change is logged, time-stamped, and traceable, keeping the audit trail clean for management council reviews or auditor checks.
For agents managing multiple developments, differences in billing logic (e.g. one billed per sqm, another per share value) can lead to confusion.
ccMonet supports property-specific templates, so each project’s billing method remains consistent within itself but separate from others.
That means no cross-contamination of formulas or incorrect carryovers between projects.
After billing, the biggest time drain is matching payments.
Owners might reference their unit number, name, or just “maintenance fee.”
ccMonet’s AI Bank Reconciliation reads payment details, recognises unit numbers or amounts, and matches them to invoices automatically.
This ensures that every payment is logged against the correct unit and billing cycle — without hours of manual checking.
For reporting, ccMonet can instantly generate:
These reports use the same underlying rate logic, guaranteeing that your council sees consistent, reliable data every time.
When billing is formula-based and automated, your team no longer spends days recalculating fees or cross-checking owner balances.
Each month, ccMonet runs the cycle automatically: generates invoices, applies rates by area, matches payments, and prepares ready-to-present reports.
Fairness builds trust in every MCST relationship.
By anchoring billing logic to verified share or area data, and automating the entire cycle from invoice to reconciliation, managing agents eliminate discrepancies before they start.
ccMonet helps Singapore’s managing agents keep owner billing clean, consistent, and compliant — by area, by property, and by design.
Bill with clarity, manage with confidence—with ccMonet.
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