Accounts Management

Service Charge Accounting and Financial Management

Robust financial management sits at the core of effective property management. It underpins decision making, protects asset value and ensures leaseholder confidence.

JAR delivers a disciplined and transparent approach to service charge accounting. Working closely with clients and property managers, we prepare detailed annual budgets, actively monitor expenditure and maintain tight cost control throughout the financial year. This is complemented with interim reporting and annual audited accounts which we aim to complete within six weeks of the year end. Our objective is to simplify processes, information and reporting wherever possible.

Our service includes:

Preparation of annual service charge budgets aligned to lease obligations
Ongoing expenditure tracking, variance analysis and cost management
Regular, clear financial reporting to clients and leaseholders
Year-end accounts preparation and coordination of independent audits

All service charge funds are held and managed in accordance with statutory requirements and lease provisions, with full compliance with Landlord and Tenant Act 1985 and RICS best practice guidance.

We take a long-term, structured view of financial planning, supporting clients with forward-looking budgets and clear visibility on future costs, ensuring there are no surprises and that assets remain appropriately funded and well maintained.