Blocks Online – Christmas Jumper Day

Service charge money legally belongs to leaseholders, not to the agent or freeholder collecting it, and UK law requires it to always be held and accounted for separately from company funds. It’s not just sound accounting practice to keep these funds apart. It is a legal obligation intended to safeguard…

Learn how block managing agents can speed up service charge accounting turnarounds by combining Blocks Online technology with stronger bookkeeping, continuous close processes and clearer leaseholder transparency.

Learn how block managing agents can speed up service charge accounting turnarounds by combining Blocks Online technology with stronger bookkeeping, continuous close processes and clearer leaseholder transparency.

Have you ever thought about how service charge accounts are actually produced, and whether the process still makes sense today?   It’s a process that’s been in place for decades, with very little change, even though it may no longer be the most efficient way of working.  As agents you are generally driven by lease obligations and legislation to certify the expenses / accounts of the block…

Spreadsheet-based service charge accounting is costing UK property management companies time, accuracy, and stakeholder trust. Our work with Cox Hinkins with managing agents, landlords, and RMCs shows a consistent pattern: traditional spreadsheet approaches are no longer meeting modern operational and regulatory demands.  This article examines why these systems are breaking down and…

It’s a common misperception that Service Charge accounts should be easy to produce.   At Blocks Online we often receive enquiries from leaseholders, via their agents, about providing cash accounting because they want to understand what they can spend. Or agents themselves sometimes ask for accruals-based accounting to be ignored. And most worryingly, for Service Charges to be accounted for through the Management Company accounts.  Why can’t these simple requests be actioned? Because there…