Press enter

Conform to the Latest Service Charge Guidance with Qube Global Software’s Qube Solutions | 6 August 2008

To ensure that Qube Property Management Software continues to meet the changing needs of the property market, our Training and Consultancy staff have reviewed the latest guidance on effective Service Charge accounting being proposed by the Association of Residential Managing Agents (ARMA). As a result of this we are pleased to announce that Qube Property Management Software can fully assist organisations with conforming to the latest guidance.
The ARMA guidelines are based upon the Commonhold and Leasehold Reform Act 2002 (CLRA 2002). ARMA are constantly working with the government to develop future legislation to help their members deliver better service to leaseholders.As well as conforming to residential Service Charge requirements, Qube Property Management Software is equally capable in the management of Commercial Service Charge procedures as stated in the Royal Institution of Chartered Surveyors (RICS) Service Charges in Commercial Property Code of Practice, 2007 guide.Some requirements of the various guidance in the marketplace and the ability for Qube to assist with conformity are as follows:

  • All documentation sent to residents must comply with stipulated formats – this is easily handled by the comprehensive tools within Qube’s demand suite and forms designer
  • On each scheme of Service Charges, all leaseholders will be provided with a full annual statement of account and a balance sheet – This can be handled using Qube’s flexible database, standard reporting, and property accounting features
  • All accounts must be prepared on an accruals and prepayments routine – This is already a standard option available in the powerful property accounting features within Qube
  • Costs must be handled and presented in a standard and structured format – the Qube Service Charge ledger can be tailored to fit any structure required
  • Common across all the guidance and legislation in the marketplace is the requirement that monies should be held in separate bank accounts – Qube has been able to cope with this requirement for some considerable time

Qube Property Management Software can offer a solution to fit any Service Charge accounting process.  As we continue to hear from new customers choosing Qube, this is not something that can be said about all property software solutions.

For more information please contact James Lavery in the Qube Customer Relationship Team. jlavery@qubeglobal.com or +44 (0)1529 413131.

About Qube Global Software

Qube Global Software is one of the most significant suppliers of property and facilities management software in today’s marketplace.

The company was created from the merger of Fraser Williams Commercial Systems, FDS Advanced Systems and Estate Computer Systems. Their portfolio of products includes the Horizon, Planet and Qube software systems.

Over the last 30 years they’ve helped thousands of clients, from small investors through to global corporations, manage every aspect of their property portfolio. Their solutions can bring increased revenue and efficiency, reduced costs and full access to vital information for each and every sector of the property industry.

Qube Global Software has offices throughout the United Kingdom, United States, Middle East and Australia.

Share this story
Posted by James Lavery
+44 (0)1529 413131.
More News

Landswood de Coy choose Qube PM | 22 August 2016

We are pleased to announce Landswood de Coy have selected Qube PM as their property management software. Landswood de Coy provide investment advice and asset management services on both residential and commercial investment properties in the UK. With a varied portfolio – ranging from single flat properties up to large retail and leisure parks – […]

Barnsdales chooses Qube PM for property management | 17 August 2016

We are delighted to announce that Barnsdales have chosen Qube PM to manage their clients’ commercial and residential property portfolio, in addition to using the maintenance management functionality for their FM business. Barnsdales is a long established UK based Chartered Surveyors offering a broad range of specialist property advisory and transactional services to clients all […]

ABC Estates select Qube PM for block management | 24 June 2016

Qube Global Software are delighted to welcome Aldermartin Baines & Cuthbert Real Estate (ABC Estates) as the latest adopters of our award-winning property management solution, Qube PM.

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close