Statement of Accounts to your SP

One of the MA told me that the property industry people, especially with the SP, would like to see themselves communicating with a person than a faceless email account They prefer mary.loh@your_company.com.sg rather than an email account as manager@your_company.com.sg The problem is when Mary resign, you either has to send an announcement to all stakeholders…

Sect 24 Whether the Organisation had, pursuant to section 24 of the Personal Data Protection Act 2012 (“PDPA”), put in place reasonable security arrangements to protect the Personal Data from unauthorised disclosure.  Section 24 requires an organisation to protect personal data in its possession or under its control by making reasonable security arrangements to prevent…

Owners book facilities within the condo and paid a relatively small fee from tens to hundreds of dollars or when there are deposits involved. Not many condo have Paynow to be directly transferred to the MCST bank account, so handling of cash must still be managed properly. Many a times, these amount are recorded as…

  Credit: Business Times  If you are still using physical cheques to make payments to your suppliers or vendors instead of using bank transfer, come November 2023, each single cheque will be charged a $0.70 cents regardless of whether you issue out or receive one. At the same time, to stop taking corporate cheques by…

Managing agent (MA) as the word described, manages the contractors that provide the product and services to the condominium or commercial buildings, may it be security, landscaping, electrical team, you name it. Accounting functions, incidentally falls on the managing agent where they have to keep it in-house and manage a team of accounts staff, when…