Overview
Comprehensive financial management for your building, fully compliant with RICS Service Charge Code and Making Tax Digital requirements. Our redesigned finance module provides different views for directors and leaseholders.For Directors
Governance scorecard, arrears tracking, budget management, and Section 20 workflows
For Leaseholders
Service charge breakdown, query submission, transparent spend visibility
Director Features
Governance Scorecard
Monitor your building’s financial health at a glance:- Solvency Ratio - Reserves vs projected bills (target: >1.2)
- Collection Rate - Percentage of service charges collected
- Compliance Status - Fire safety, insurance, accounts, Section 20
Arrears Aging Report
Track overdue payments with aging buckets:| Aging Period | Actions |
|---|---|
| 0-30 days | Automated reminder |
| 31-60 days | Second notice + late fee |
| 61-90 days | Formal demand |
| 90+ days | Escalation to legal |
Budget vs Actual Tracking
- Real-time variance analysis
- Category-level drill-down
- Forecasting tools
- Reserve fund modelling
Leaseholder Features
Service Charge Breakdown
Leaseholders can view detailed breakdowns of their charges:- Category-by-category cost analysis
- Comparison with previous years
- Document links for major works
- Your unit’s share calculation
Query Charges
Section 20 Workflow
Statutory Timeline
Features
Automatic countdown timers for each stage
Leaseholder observation tracking
Director override with audit logging
Document attachment for estimates
Email notifications at each stage
Payment Collection
Flexible payment options via Mollie integration:| Payment Plan | Service Fee |
|---|---|
| Monthly | 3% |
| Quarterly | 2.5% |
| Bi-annual | 2% |
| Annual | 1.5% |
Compliance
RICS Service Charge Code compliant
Making Tax Digital ready
Automatic Section 20 tracking
Audit trail for all transactions
Year-end accounts generation
Reserve fund planning tools