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Residential Property Management Company (RTM) (RTC) Accounting
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Residential Property Management Accountants
At FHP Accounting, we offer residential property management accounting that you can trust and rely on. We help take the stress and hassle out of accounting for RTM’s by providing comprehensive and personalised accounting services.Â
Our team of experienced, in-house property accountants are specialised in this area of accounting. We work closely with managing agents and leasehold property owners to provide hassle-free services, ensuring that deadlines are taken care of.Â
Our goal is to provide you with the peace of mind, knowing that your residential property management RTM accounting is being taken care of. If you would like to find out more, book your free consultation below or give our team a call.
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Clear and Understandable Reporting
We provide straightforward financial reports that everyone, from board members to residents, can understand. No jargon – just clear, actionable information.
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Seamless Collaboration with Managing Agents
We work closely with managing agents to streamline processes and maintain consistency in financial reporting and operations.
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Dedicated Client Care
Our team is always accessible, offering prompt, friendly and proactive communication to address your queries and keep you informed at every stage.
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Proven Track Record
With years of experience in the property sector, we’ve built a reputation for reliability, accuracy and exceptional service tailored to residential management companies.
Accounting for Resident Management Companies
Whether you are setting up a new resident’s management company (RMC) or looking for an accountant to help with your financial reports, we are here to help. We make your accounting easy by tailoring our services to your exact needs.
Our services include:
- Service Charge Accounting
Service charge accounts are the backbone of any RMC. We prepare accurate, detailed accounts that comply with RICS regulations. Our expertise ensures that your accounts are transparent and ready for audit or certification if required.
- Annual Accounts Preparation
From income and expenditure statements to balance sheets, we’ll prepare your annual statutory accounts in accordance with legal requirements. Our goal is to deliver clear and concise financial reports that stakeholders can easily understand.
- Company Secretarial Services
We cover company secretarial services that assist with maintaining statutory records, filing annual confirmation statements, and ensuring compliance with Companies House requirements, allowing you to focus on managing your property.
- Support for Managing Agents
If your RMC works with a managing agent, we’ll collaborate seamlessly with them to ensure financial processes are streamlined and efficient.
With extensive experience in the property sector, our team specialises in accounting for resident management companies. We recognise that the financial management of an RMC goes beyond balancing the books, it’s about ensuring smooth operations, maintaining compliance and building trust between the company and its residents.
About us:
Welcome to FHP Accounting we have a wealth of experience and a passion for excellence, we specialise in providing comprehensive accounting services tailored to the property sector. However, our expertise extends beyond property, offering personalised financial solutions for businesses and individuals across various industries.
Our Story:
At FHP Accounting we believe in the power of family values and a personalised service.
Our journey began at FHP property consultants who shared vision of creating an accountancy firm that combines professional expertise with a personal touch. We bring together our unique skills and perspectives to offer a well-rounded and client-focused approach to accounting.
FAQs
Have you got questions about our accounting services? We’ve got the answers! Check out our FAQ section for quick and easy information.
But if you can’t find what you’re looking for, don’t hesitate to contact us. Our friendly team is happy to help.
What is the Difference Between a Resident’s Management Company and a Right to Manage Company?
Both a Resident’s Management Company and a Right to Manage Company give leaseholders control over property management, but they are formed and operated differently.
The need for a Resident’s Management Company (RMC) arises when properties share common amenities which need to be maintained on a collaborative basis. Funds need to be collected and expended on behalf of property owners.
A Right to Manage (RTM) lets some leasehold property owners take over management of the building, even without the agreement of the freeholder. To use this right, leaseholders must set up an RTM company and follow certain procedures.
At FHP Accounting, we provide accounting solutions for both.
Do Service Charge Accounts Need to be Audited?
Not all service charge accounts require an audit, but some leases may stipulate that an independent accountant must review the accounts. This depends on the specific terms of the lease.
Can an RMC be managed without a managing agent?
Yes, an RMC can be self-managed, but this requires a good understanding of financial and legal responsibilities. Many RMCs choose to appoint managing agents for day-to-day operations, with our accounting services ensuring their financial compliance.
Do you work with small Residential Management Companies and Right to Manage Companies?
Whether your RMC / RTM oversees a small block of flats, a large industrial park or a new development, we provide tailored services to suit your needs.
Our Client Reviews
See what our satisfied clients have to say about their experiences with us. Discover why we’re the trusted choice for exceptional service and quality.
“Excellent proactive service, fast response to emails and always extremely helpful. FHP Accounting Service has made sorting my accounts stress free. I would highly recommend.”
“FHP Accounting Services provide a professional and quick service that enables us to provide timely information to our clients and customers. Jessica is our main contact and is a pleasure to work with. Fully recommend.”
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