What We Do
Collections & Billing:
- Billing and distribution of owner levy statements by email, post, or delivery to the property
- Collection of levies and monthly charges together with client service support
- Credit control of all outstanding levies
- Billing of interest on arrears
- Liaison with meter reading service companies for specific service / utility billing and recoveries included with the monthly levy statements and collections
- Liaising with attorneys appointed to manage legal collections
Payroll Administration & Managing Funds:
- Payment of and accounting for approved expenses, including salaries and wages
- Payment of approved creditors and municipal accounts
- Calculation and payment of UIF and P.A.Y.E. deductions
- Issuing of payslips to bodies' corporate staff members
- Keeping records of bodies corporate leave Keeping records of bodies corporate leave
Financial Bookkeeping, Reporting & Annual Audit:
- Preparation of the Annual Budget of Income and Expenditure
- Monthly financial reporting, including performance to budget, balance sheet, levy roll, unit arrears, credit control report, surplus report, creditors roll and investment account bank statement(s)
- Annual audit file preparation
Statutory Requirements
- Completion and submission of statutory returns
- Maintenance of statutory records of the body corporate including:
- Books of account
- Conduct rules and regulations thereto
- Registered sectional title plans
- Register of bondholders and owners
- Minute books
- Voucher files and accounting records
- Employee and payroll records