How will Resident property software help me prepare the end of year service charge accounts for our blocks?

As part of our ongoing campaign to create a series of time saving solutions to common scenarios that property managers and book-keepers face in the management of blocks of flats we have created the ability to export ALL the documents accountants need to prepare the end of year service charge accounts in one digital file with one click. 

Please watch our Video above explaining how our new ‘End of Year Pack’ function works.

Here is the scenario:

It is the end of the service charge year and you need to compile all the financial information for a block to send to their accountants….

Hours and hours are spent printing, putting together and checking paper files with copies of invoices, demands and preparing financial spreadsheets. 

Imagine a button that downloads and exports all of this into one end of year file to send via email link or for your accountant to log in and download…

In a world where accountants are fast becoming paperless with dual screen technology they no longer want endless files of hard copy

Residents ‘end of year pack’ function will export:

– All leaseholder statements

– All Service Charge demands

– All supplier invoices…in date order…

– The cashbook

– The trial balance

– The budget 

-The budget v expenditure report

-A copy of the previous years accounts

What previously took one weeks work is now achieved in just three clicks…

And then neatly saved in year order under a new ‘End of Year Pack’ section for ease of reference for any queries for years to come.

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