Take the pressure out of year-end service charge accounts
Preparing year-end service charge accounts can mean hours spent compiling information, building accounts packs and going back and forth with accountants.
The SCOAP Accountants Service connects the financial data already held in Blocks Online with specialist service charge accountants, creating a more streamlined way to compile and certify your accounts.
The result is professionally formatted, TECH 03/11 compliant service charge accounts, with less manual work for your team and the completed accounts returned to Blocks Online ready to publish.
Your Blocks Online data, connected directly to your year-end accounts
SCOAP combines Blocks Online technology with specialist service charge accounting expertise. Accountants work within the SCOAP system using your Blocks Online data, reducing the manual work and back and forth traditionally involved in producing year-end service charge accounts.
You can use our trusted SCOAP accountant partner or, for Certification Only, continue with your existing accountant if they already work within SCOAP.
Who is it for
Managing agents, property managers and block management companies using Blocks Online.What it helps with
Preparing, compiling and certifying year-end service charge accounts.How it works
Your Blocks Online data transfers into SCOAP, where the accounts are compiled and certified before the finalised accounts are returned to Blocks Online ready to publish.
50% less time to complete year-end accounts
Our data shows that clients using the SCOAP Accounting Partners service took 50% less time to complete their accounts in their second year.
SCOAP reduces the manual preparation, duplication and back and forth involved in the traditional year-end accounts process.
What service charge accounting options are available to managing agents?
Compilation and Certification
A complete outsourced year-end accounts serviceFor managing agents who want minimal involvement in the year-end accounts process.
Your SCOAP Accountant compiles and certifies your service charge accounts in one streamlined process, reducing the work involved in preparing data for the accountant and the usual pressure on your team at year end.
Rather than building accounts packs, sending information back and forth and chasing progress, your accountant works with the data already held within Blocks Online through SCOAP. The entire Compilation and Certification workflow is managed from start to finish, with clear visibility of progress throughout the process.
No pack building
Eliminates the manual task of building a year-end pack to send to your accountant.Reduces workload
Reduces the need to chase missing invoices or figures caused by transcription errors between you and the accountant.Transparency and visibility
Progress is visible in Blocks Online, so you spend less time chasing status updates.Automation
Accounts are returned to Blocks Online automatically, making it quick and simple to publish and process any surplus or deficit.Meet industry regulations
Confidence your accounts meet TECH 03/11 requirements because the process is built around TECH 03/11 checks.Delivered faster
Faster turnaround, with accounts published and shared with clients in a professionally presented format.
Certification Only
For managing agents who compile their service charge accounts in-houseFor managing agents with in-house accounting capability who already undertake financial checks and compile their figures before sending them to an accountant.
SCOAP allows you to compile TECH 03/11 compliant figures in a structured way, review the results and pass everything across for certification. Your workings are visible to the SCOAP accountant within SCOAP, so they can focus on final checks and certification rather than repeating the compilation work.
No pack building
SCOAP converts your Blocks Online figures into a clean year-end pack automatically.No chasing for progress
Everything your accountant needs is already in SCOAP, reducing the need to chase for progress.TECH 03/11 compliance
SCOAP applies the required TECH 03/11 checks before the accountant certifies the accounts.Work with your chosen accountant
Continue with your own accountant if they already work within SCOAP, or choose our trusted SCOAP accountant partner.Reduces workload
Accounts and queries can be passed between the managing agent and accountant within the SCOAP process.Professional, client-ready accounts
Once you release your data, your accountant has the information within SCOAP. The certified accounts then return to Blocks Online ready to publish.
How does SCOAP make year-end service charge accounts more efficient?
Agent preparation in Blocks Online
All expenses are loaded and allocated to schedules and all cash is reconciled.
Once everything is checked, the agent sends everything to SCOAP ready for accounts production.
Accounts compilation
Compilation is completed either by the SCOAP Accountant or by the managing agent, depending on whether you choose Option 1 or Option 2.
Your Blocks Online data is transferred into SCOAP, including key reports and documents. Figures are compiled to meet TECH 03/11 standards, with working papers ready for review and sign-off.
Accounts certification
The accountant reviews the compiled accounts in SCOAP, completing the final checks and any adjustments.
They then produce the certified Report of Factual Findings, ready for you to sign, before releasing the final version back to you in Blocks Online.
Publish accounts in Blocks Online
The finalised accounts are returned to Blocks Online.
The managing agent can publish the accounts and raise any surplus or deficit demands at the click of a button.
What do managing agents say about SCOAP?
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What managing agents ask about year-end service charge accounts
The SCOAP Accountants Service is designed for managing agents using Blocks Online. It connects financial data held within Blocks Online with specialist service charge accountants to support the compilation and certification of year-end service charge accounts.
Yes. The SCOAP process is built around TECH 03/11 checks, with figures compiled to meet TECH 03/11 standards.
SCOAP connects the financial information already held in Blocks Online with the year-end accounts process, reducing manual pack building, duplicated work and back and forth between managing agents and accountants.
Yes. Our data shows that clients using the SCOAP Accounting Partners service took 50% less time to complete their accounts in their second year.
Yes. Blocks Online data, including key reports and documents, transfers into SCOAP ready for accounts production.
Yes. The Compilation and Certification option provides a complete outsourced service for managing agents who want minimal involvement in the year-end accounts process.
Yes. Certification Only is designed for managing agents with in-house accounting capability who compile their figures internally and need professional certification.
Yes, if your accountant already works within SCOAP. Alternatively, you can use our trusted SCOAP accountant partner.
No. SCOAP removes the manual task of building a separate year-end pack. For Certification Only, SCOAP converts your Blocks Online figures into a clean year-end pack automatically.
Yes. Progress is visible in Blocks Online, reducing the need to chase for status updates.
The finalised accounts are returned to Blocks Online, where you can publish the accounts and raise any surplus or deficit demands.
Trusted industry partnerships
We are proudly partnered with industry-leading organisations such as The Property Institute and RICS (Royal Institution of Chartered Surveyors). These partnerships reflect our dedication to upholding the highest standards in the property sector, ensuring our solutions meet the professional needs of property managers and their clients.
Preparing year-end service charge accounts can take huge amounts of time
Find out how the SCOAP Accountants Service can connect your Blocks Online data with specialist service charge accounting support, from complete Compilation and Certification to Certification Only.