Financial Services

The Managing Director of Archers, Mr Colin Archer, is a partner at Archer Gowland Chartered Accountants.  This means we can offer you the added benefit of the expertise and knowledge provided by our association with this accountancy firm.

 

BANKING

  • Open, maintain and operate a bank account in the name of the body corporate for the administrative and sinking funds
  • Invest surplus funds in term deposits, on approval from the body corporate

FINANCIAL STATEMENTS AND REPORTS

  • Maintain a computerised ledger including monthly postings and bank reconciliation
  • Prepare a monthly balance sheet
  • Prepare quarterly financial accounts on a cash basis to be forwarded to the Committee on a quarterly basis
  • Prepare accrued annual financial statements for auditors and owners at AGM
  • Prepare the annual Statement of Accounts to be presented to an auditor where an audit is requested

BUDGETS

  • Prepare draft annual administrative and sinking fund budgets for the committee's consideration

LEVY MANAGEMENT

  • Issue levy and other contribution notices
  • Receipt and bank levies
  • Issue notices of overdue levies within seven days after due date for payment

ACCOUNTS PAYMENTS

  • Undertake bi-weekly payments of all accounts as authorised by a nominated representative of the body corporate

AVAILABLE UPON REQUEST (at additional cost)

  • Provide professional investment advice with respect to surplus body corporate funds

CLICK HERE to request a Body Corporate Administration Quotation or for further information regarding this service please contact your local office or our Business Development Manager, Andrew Staehr on 0458 272 450

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