Blocks Online News

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…

Producing Service Charge accounts each year for your clients is forever becoming a more rigorous and arduous process. With the increased regulatory demands and growing tenant scrutiny, property managers need to stay ahead of the curve. In addition, our data shows that roughly 50% of schemes/blocks have a calendar year end, which presents an organisational…