Currently, user generate late payment interest for SP that pay after the grace period, at the end of the month, after the bank reconciliation. That would mean after the month end, into the next month. When an SP pay after the grace period, we are able to calculate the late payment interest immediately and post…
Many managing agents are concern that by signing up the full year subscription of our MCST plan, the contract or project may be terminated any time in short notice, thereby leaving the remaining subscription remains “unused”. When the project is big, the amount committed to subscribe Realtimme cloud MCST plan may be by the thousands…
As we also provide out-sourced bookkeeping services to managing agent, we had recently, took over a set of mcst accounts from an out-going managing agent. Our advice to all council members is that to make the out-going managing agent to request from all vendors a statement of accounts as at the last day of the…
We provide out-sourcing finance team for managing agents. We were recently tasked to do a handover/takeover (HOTO) from the outgoing MA to my client who will be the incoming MA for a fairly large condominium Many would have experienced that there will be disputes of incomplete performance on either parties that one party will hold…
Recently, a managing agent started off his business to manage small private properties. We recommended our Basic plan that come with maximum of 20 sub-proprietors to start off with. His comment was I do not need such complicated features and functions, I need something simple. We would love to provide a simple solution but in…
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…
You have been to a buffet meal, where all the food is there for you to choose and pick. Translate it to your service to your SP, they have request for facilities booking, application forms to fill, feedbacks, latest statement of accounts, or previous months of statement of accounts, visitors information etc. All these can…
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…
MCST that exceeds SGD one million in revenue in a calendar year, will be required to charge GST. SP that pay their MF and SF with GST later than the grace period will have to pay late payment interest. The question now is…Do you include the GST portion to arrive at the late payment interest…
Migrating from a system (manual or existing software) is challenging because setting up must be done correctly to have a smooth roll out of the new system Still considering coming on board the Realtimme Cloud MCST platform? We give you a compelling reason why you should quickly come onboard with us. We will send the…