Our Financial Management Services
Accurate financial administration and reporting play a critical role in maintaining financially stable and well-managed community schemes. At VZN, we provide professional financial management support designed to assist Trustees and Directors with informed decision-making, structured financial oversight, and efficient operational management.
Bank Account Administration
Administration of the bank account associated with the Body Corporate or Homeowners Association, including the loading of monthly payments for authorisation by the appointed Trustees or Directors.
Salary & Wage Administration
Preparation, calculation, and payment of salaries and wages for staff employed by the Body Corporate or Homeowners Association using the Pastel Payroll Programme.
Payment Administration
Management and payment of municipal accounts, suppliers, creditors, insurance premiums, and other approved accounts as authorised by the Board of Trustees or Directors.
Monthly Financial Reporting
Preparation and submission of monthly financial reports, including budgets, balance sheets, levy rolls, customer age analysis, credit control reports, surplus reports, investment account reporting, and bank statements.
Maintenance Budget Assistance
Assistance with the compilation and administration of maintenance budgets and MRRP requirements using Pastel Partner V19 systems and financial management processes.
Annual Audit Coordination
Liaising with appointed auditors during the preparation and finalisation of the Annual Audit Report to assist with efficient audit processes and financial compliance.
Maintenance Repair & Replacement Planning
Compilation of a 10-year maintenance repair and replacement plan together with the administrative budget in accordance with approved quotations and additional service requirements.