Strata Accounting

Following the recent change in Executive Committee, the Strata requires accounting and audit support to: - secure and stabilise the accounting records inherited from the prior administration; - reconstruct and verify the books of account and bank activity; - prepare reliable financial statements for the relevant periods; - prepare a proper budget for the current financial year; and - support an independent audit or review of the Strata’s finances. This work is required to support the new ExCo’s governance responsibilities and to comply with the by-laws, including the requirements to keep proper books of account, prepare quarterly financial statements, and prepare budgets. The accountant should: 1. Secure and preserve accounting data - review and stabilise QuickBooks backup file; - create secure working and archive copies; 2. Reconstruct and clean up the books - review the general ledger and chart of accounts; - reconcile all bank accounts; - verify owner receivables and liabilities; - identify unsupported, unusual, or developer-related transactions; - review key expense categories and supporting records. 3. Prepare financial statements - prepare proper financial statements for the relevant completed period(s); - reconstruct or prepare quarterly financial statements as required; - prepare up-to-date management accounts. 4. Prepare a budget - prepare a clear line-item budget for the current financial year based on verified figures and known commitments.