Accounting Services

All the accounting records will be maintained in accordance with the Strata Schemes Management Act and Regulations.

Establishment and maintain the Trust Account for the Owners Corporation
Collection of trust monies
Financial record keeping
Paying invoices / remitting payments on behalf of the owners corporation.
Preparation of all draft annual administrative and capital works fund budgets (in consultation with Building Manager and Strata Committee).
Monthly reconciliation of accounts showing actual to budgeted figures (to assist with financial tracking of the plan).
Assist auditors by providing accounts and records for annual external audit
Provide statutory (monthly) reconciled financial accounts including balance sheets, statement of income and expenditure and levy status report in accordance with the provisions of the Strata Management Act 2015.
Provide monthly Payments Summary and Bank Reconciliation to the Strata Committee
Oversee and submit annual Trust Account Audit to office of Fair Trading
Debt Collection services in relation to levies and specify process and fees to owners
Preparation of information for preparation and lodgment of annual tax return by a registered tax agent.