B-hive’s solutions are all encompassing, across all disciplines. The machinery behind the scenes is scalable, meaning we are fully equipped to cope with the complexity that sits within property management and the tools needed to enhance the service delivery. We provide client finance and service charge accounting to ensure you operate profitably and compliantly.
Client Finance and Service Charge Accounting
B-hive Property Solutions’ Client Finance division is comprised of an expert team of 100+ people, who are responsible for all things in relation to accounting for client money. Their service provision extends to:
- Managing banking facilities in line with the RICS code of practice, S42 of Landlord and Tenant Act 1987 and general financial regulation (FCA/Anti Money Laundering).
- Ensuring all Data Protection controls around sensitive financial data is maintained.
- Accounting for service charges in line with the RICS Code & Landlord & Tenant legislation
- Ensuring service charge and other demands are issued with required supporting notices
- Handling all administration charges in line with legislation
- Maintaining a robust credit control and arrears collection process
- Maintaining a robust and efficient contractor payment process
- Ensuring the timely allocation of leaseholder service charge payments.
- Adhering to rules surrounding the handling and correct treatment of Reserve Funds
Our Client Finance department have significant experience with handling client finance and service charge accounting, having managed this service provision for our parent company HML Property Management Limited, who are well established within the market and manage circa 100,000+ estate and block management units. Contact the B-hive team for more information.
