What does invoice matching involve in condominium management?

Invoice matching in condominium management is a crucial process that ensures financial accuracy and accountability. It involves aligning invoices from suppliers or service providers with the corresponding approved quotes and work orders. This alignment confirms that the work billed has indeed been completed as per the agreed terms and that the costs are in accordance with what was previously authorized. By validating that the invoiced amounts match the accepted estimates or contracts, condominium managers protect the financial interests of the condominium corporation and help to prevent overbilling or payment for services that were not rendered.

The other options relate to different aspects of management: aligning complaints with maintenance needs focuses on addressing resident issues, ensuring financial documents are recorded pertains more to bookkeeping and accounting practices, and communicating with residents is about maintaining good relationships and providing updates. While these elements are important in overall condominium management, they do not specifically address the process of invoice matching.