Managed Finance for Service Charge Accounting
Our Managed Finance Service is specifically designed around Service Charge Accounting. We can provide you with Outsource Accounting Services for your Property Management Business. We work with you to build a process where our specialist Accountants can work with you remotely to manage your Finance Department enabling you to focus on keeping the tenants happy.
You might require help with adding tenants to your property software, or you might require credit control, final accounts, a capex prepared for sinking funds and much more; we are able to cater to your requirements, a few of the services we can help with are:
– Service Charge Accounts Preparation
– Management of Accounts Receivable and Payable
– Payment Runs to Suppliers
– Credit Control
– Management Accounts Preparation
– Preparation of Section 20b Notices
– Preparation of Service Charge Budgets
– Any Bespoke Solution
Service Charge Certification
We stay one step ahead of all regulations and industry guidelines. We aim to assist property management firms, chartered surveyors, and property owners to meet their service charge accounting obligations and obtain certification through a robust and effective certification process while keeping things flexible and ensuring that the client receives value for money.
Services provided by our specialist accountants include:
- External service charge certification
- Reviewing service charge accounts for compliance with S.21 LTA 1985 & RICS Management code
- Ensuring recoverable and non-recoverable expenses are correctly allocated within the terms of the lease
- Providing handover reconciliations on change of managing agents
- Yearend adjustments and journal postings
- Attending AGMs and meetings with landlords and managing agents
- Annual Compliance Reports for RICS and ARMA for managing agents
- Preparation of statutory accounts for resident management companies
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