By Living in a community of the neighbors requires the fulfillment of a series of norms and behaviors that ensure a good coexistence and the well-being of each of the members that are part of it. But this is not the only aspect that must be put in common for the reason that the management of accounts in a community of owners is an inescapable task that must be carried out with precision. In this article, we will tell you in detail how to take the accounting of a community of owners without any hassle.
In owner communities, all the residents should be informed of the common accounts. Therefore, the holding of the boards of owners will serve to approve the annual accounts, make a balance of the expenses and income and make the relevant decisions on future movements or actions.
Normally, the figure of the president or the community manager is responsible for keeping the accounts and ensuring the proper functioning of the economic activities in the community. Despite being at the disposal of the capital of the community, the responsible for the accounting cannot make use of it without the authorization of the rest of the owners, who must make a joint determination.
In order to optimally manage the accounting of a community of the neighbors, the responsible person must enter in a book of accounts all the income and general expenses of the community. In other words, he is supposed to keep up to date with the usual transactions such as payment of the owner fees, levies, reserve fund, payments for cleaning services, employees, etc. up to other extra income from the rental of premises, billboards, etc.
Once the year is over, community accounts must be approved at a neighborhood meeting, as we noted above. At this time, the details of all expenditures and revenues, debts in case they exist and details of the fees for each of the owners will be presented and the forecast for the following year. Being in charge of the accounting of a community of owners can be quite a complex task and, in many cases, it is advisable to have the professional advice for better management and to avoid the conflicts at the same time. Now, thanks to the owners association management companies, there is the possibility of making an accounting management in a simple, agile and without having to have any kind of knowledge in the matter.
