SP may have more than one vehicles under their children or family members name, that is not under the strata roll Most of the time, you will keep a separate excel listing of who is who , in case when there is an emergency to locate the owner. And worst is you may not be…
You are checking your online bank statement, you received an amount to pay for the quarterly MF and SF, but the name is not in your strata roll, neither the payor forgot to indicated the unit number.This is a common scenario as internet banking becomes common. The daughter or son or any next of kin…
Many users asked or believed that expendable items need not be taken up in the inventory, or those in the service business where they do purchase inventory for use in the course of delivering their services or job sites in projects accounting If you look at a recent case where one of the NPark officer asked…
You print address label when The SP still want to receive hard copy of their statement of accounts Send the financial report or minutes of AGM meeting reports Are you still using mail merge to print out the address label? When you use Realtimme Cloud MCST, you can print address label to 3.All SP or…
If you have 1. 50 SP paying you via GIRO , 2. The developer issue one cheque to pay the MF and SF for a few units(20 units) of unsold properties How long it takes to enter all the payments of different SP accounts? 30 minutes? That is fast though. What if you can do…
Are you still calculating manually the late payment interest ? Do you include the day the payment received or not including the day the payment was received? Sounds familiar? The one that owes a late payment interest (your SP), will most often challenge the way your system calculate the late payment interest. We have seen…
If you are the managing agent, the operational staff prepare all payment voucher manually and making out the payment to the vendor and then you, as the accountant, take up the entries weeks later. You will have this problem. 1. This is double work 2. The amount is 369.40 but issued out as 396.40 or…
Do you see the picture above familiar? Stacks of envelops ready to be sent out? Chances is that you are not sending the SP statement of accounts via email, and your current system do not support direct email from the software you are using. There is a trend of younger owners and they are requesting…
Hi business owners or managing agents, It is not unheard of that a manager resigned and the rest of the colleagues follow suit en masse Whether they set up the same business to compete with you or join your competitors, the fact that it create a vacuum in your operation, may it be partially paralyze…
As time is getting from bad to worst during this pandemic season, employees are having their pay cuts or totally losing their jobs, and no light at the end of the tunnel, Some SP are struggling to pay their quarterly Managing fund and Sinking Fund bill. We have users telling us that their SPs are…