Four reasons why Service Charge accounting is complex
It’s a common misperception that Service Charge accounts should be easy to produce. At Blocks Online we often receive enquiries from leaseholders, via their agents, about providing cash accounting because they want to understand what they can spend. Or agents themselves sometimes ask for accruals-based accounting to be ignored. And most worryingly, for Service Charges to be accounted for through the Management Company accounts. Why can’t these simple requests be actioned? Because there are several important principles that…














