BUDGETS & FINANCIAL MANAGEMENT

A body corporate must have an administration fund and a sinking fund. There are strict legislative guidelines in regard to how these accounts must be managed. Yule Strata will look after all aspects of your body corporates financial management. This includes the following:

• Preparation of budgets
• Presentation of financial statements
• Opening of bank accounts
• Management of bank accounts
• Management of term deposits
• Striking of levy’s
• Management of levy arrears
• Monthly reconciliations
• Payment of invoices
• Maintain all tax records

Click here to find out more about the legislation in regards to body corporate finances please click here.