Financial management

Responsible for collecting and managing property fees, such as property management fees and repair funds, as well as preparing and managing financial statements.

Service scope:

• Collect management fees or other expenses on behalf of the corporation (it is recommended that all payments be processed through the corporation's account).
• Collect all outstanding fees on behalf of others.
• Develop monthly income and expenditure reports and arrears records.
• Regularly review the income and expenditure status with the committee.
• Prepare an annual financial budget and determine the work for the following year.
• Hire professional accountants to review the building's accounts annually.

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