Highlights
- Service charge accounts prepared from source data with full cost verification
- Bank, ledger, and service charge reconciliations completed for every reporting period
- Lease-specific cost allocations reviewed and corrected
- All stakeholder queries resolved using documented audit trails
Introduction
A UK-based property management company responsible for administering service charge accounts across multiple developments required a high level of accuracy and compliance in its financial reporting. Service charge accounts needed to be prepared in accordance with individual lease agreements, supported by detailed documentation, and delivered within fixed statutory deadlines. To ensure this standard was met consistently, the firm appointed Cox Hinkins to carry out the preparation and review of its service charge accounts.
