Accounting in property management services plays a pivotal role in ensuring financial integrity and transparency. It involves various tasks such as tracking income and expenses, budgeting, financial reporting, and compliance with regulatory standards.
Our property managers will collect and maintain accounts as necessary in respect of service charges, ground rents and any other monies held. This will allow us to organise the payments of bills for day-to-day maintenance on your behalf.
We will prepare annual service charge budgets for consideration and approval from the client.
By maintaining meticulous records and implementing robust accounting practices, property management services can enhance efficiency and mitigate risks.