Finance and Reporting
Financial documents including but not limited to accounting, budgets and invoices are all generated through computer software that the Group determines is best suited for the size of the building.
We have a combination of in-house and external administration support. This is to ensure that these time sensitive documents are submitted and reported within time.
The majority of the debt recovery system is automated and we typically start the process once the system alerts us that there may be a payment overdue.
Most of the financial reports can be produced on demand. The transparency level of financial documents for all owners in the building is determined under Australian Law, however to ensure accountability to the Committee, subject to compliance under Australian Law, documents will be available for the Committee to cite.