ACCOUNTING
Pro-Property’s accountants are an integral part of the property
management team and are supported by the best accounting computer software available.
Accounting process
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Levy collection
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Collection
of levies determined
by yearly budget
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Recording and Classifying
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Recording and classifying data into a permanent
and logical form.
Usually referred to as
"Book-keeping"
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Summarising
|
Summarising
data to produce statements and reports that will
be useful to the various users of
accounting
information
- both external and
internal.
|
|
Interpreting and Communicating
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Interpreting and communicating the performance of
the
complex to
the management
and its owners.
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|
Forecasting and Planning
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Forecasting and planning for future operation of
the
complex by
providing
management with evaluations of the viability of proposed operations. The key
forecasting and planning tool is the
"Budget"
|
Budget
-
Preparation of a draft Annual Estimate of Income and Expenditure and the
determination of monthly levies.
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Periodic review of the structure of expenditure.(Cash flow)
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Calculation of special levies.
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Assist the Board in presenting the Budget at the Annual General Meeting.
Income
-
The collection and receipt of levies (special levies) and other income.
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Pro-Property send out statements to owners on a monthly basis.
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Attending to the collection of outstanding levies - focusing on minimising
arrears.
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Exercising reasonable credit control to the point of commencement of legal
action.
Expenditure
-
Verification and payment of
accounts.
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Payment of salaries, wages, PAYE, UIF, and WCA to statutory
bodies.
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