Financial management and collections
The biggest fear of every residents' committee and property owner is losing control of the money. That is why the arrangement is put in writing before we start: who manages the account, who has signing authority and how expenses are approved. We collect, manage the payments and produce a detailed report, and you see every shekel, every month.
What the service includes
- Ongoing collection from residents and tenants
- A step-by-step process for handling debtors
- Building an annual budget and presenting it at the general meeting
- A detailed monthly expense report by the 10th
- Managing payments to suppliers
- Bank reconciliations and petty cash management
- Preparing material for audits and the accountant
- Viewing the data in the app at any time
Frequently asked questions about collections & financial management
Who has signing authority over the building's account?
This is set in the engagement and varies from client to client. In some properties the committee or the property owner are the only authorized signatories, and in others we make the payments ourselves to shorten processes with suppliers. In every model the arrangement is set in writing in advance and comes with a detailed monthly report.
When do we get the monthly report?
By the 10th of every month, for the previous month. The report includes a breakdown of income, a breakdown of expenses by line item, the collection status and a list of debtors, and an up-to-date cash balance.
More services
We'd love to get to know your property
A short call to understand what you need, a site visit, and a detailed itemized proposal. No sales pressure and no commitment.
- An itemized proposalCleaning, maintenance, security and management, each priced separately, so you can really compare.
- A free site visitThe survey we make during the visit is yours to keep, even if you choose another company.
- An answer within two business daysUrgent fault? Our service center is open 24/7 at +972-3-7736777.
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