#68212
kaindub
Flatchatter

    Every strata is required to keep accurate financial accounts.

    As an owner, you can access the accounts at any time by asking the strata manager.
    Just be prepared, because strata accounts are slightly different to company accounts . That’s not to say there is any funny business but you need to understand the way to read strata accounts. ( don’t ask me to explain, it takes too long).

    Also accounts need to be kept if all expenses. Again you can ask for these as well as the supporting invoices.

    There is also a balance sheet.

    The trust account should agree with the balance sheet

    The outgoing strata manager should be able to prepare these documents. I doubt whether the new strata manager would take on a strata with out satisfying themselves thst the numbers add up.  That does not mean thst the accounts are correct.

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