PROPERTY MANAGEMENT ACCOUNTING
Our Property Management Accounting services provide full financial support, with a service which can be tailored to the financial management and reporting needs of each individual client.
Fidum’s Property Management Accounting offer includes:
1. Cash Flow Management and Banking
- Management of client bank accounts, including daily banking transactions, deposits, withdrawals, and transfers, ensuring efficient cash flow management.
2. Rent and Income Management
- Credit Control and Treasury services including overseeing rent collection, tracking arrears, and managing tenants’ financial obligations.
3. Service Charge Accounting
- Managing all service charge budgets from budget preparation to year end reconciliation.
4. Financial Reporting
- Preparation of monthly, quarterly, and annual financial statements for client property portfolios.
5. Client and Stakeholder Liaison
- Acting as a trusted primary point of contact for clients, their lenders, accountants and advisors regarding all financial matters affecting their properties.
6. Systems and Compliance
- Maintaining financial and lease records in Yardi Voyager.
- Ensuring compliance with all internal and external controls and audit requirements.
Being regulated by the RICS, our client funds are held in separate client accounts, and are reconciled on a daily basis in Yardi Voyager.
Service Charge Accounts are reconciled within 4 months of the year end in accordance with RICS guidelines.
