At Colosseum, we excel in delivering a range of strata financial management solutions tailored to meet the unique needs of each community. Our comprehensive suite of services ensures seamless financial operations for strata properties.
With an unwavering commitment to precision and excellence, we handle various financial aspects:
- Accurate Revenue Collection: We efficiently gather monthly strata fees, special levies, user fees, and other revenue sources, ensuring a steady financial inflow.
- Detailed Financial Histories: Each strata lot's financial history is meticulously tracked and maintained. Through Strata's Web Portal, our clients enjoy round-the-clock access to their accounts.
- Efficient Collections: Our full-service approach includes diligent collection efforts, encompassing late fees or fines where applicable.
- Strategic Budget Planning: Collaborating with council members, we formulate proposed operating budgets for every fiscal year, aligning financial goals with operational needs.
- Comprehensive Monthly Reports: Our monthly financial package encompasses a balance sheet, statement of receipts and disbursements, general ledger, bank reconciliation, and a detailed financial status report for each strata lot. Additional reports include accounts receivable, accounts payable, accruals, and invoice copies.
- Full Accounts Payable Support: Our services extend to comprehensive accounts payable management, streamlining financial workflows.
- Trustworthy Fund Management: Strata funds are safeguarded in dedicated trust accounts, employing meticulous trust accounting practices.
- Annual Statutory Review: We undertake the RESA annual statutory review, assuring compliance and financial accuracy.
Experience peace of mind with Colosseum's expert handling of strata financial management. Our dedication to precision, transparency, and compliance ensures your community's financial vitality. For top-tier property accounting services, choose Colosseum as your trusted partner.
Ready to elevate your strata's financial management? Contact Colosseum today to explore our comprehensive solutions. Your community's financial success starts here.