Reply To: Committee approval of invoices BEFORE the strata manager can pay them

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03/08/2022 at 4:32 pm #64478
WoodWalker
Flatchatter
Chat-starter

    Thanks sm-sydney

    We are pretty unhappy with out sm … and they certainly do not provide information allowing us to see and understand OUR financials e.g.

    In the urbanise GENERAL LEDGER I can see that certain invoices are paid on a given date and if I then look at the BALANCE SHEET around that date I can work out whether the payment was taken out of the GENERAL FUND or the SINKING FUND.

    Wouldn’t it be better if there was a column in the GENERAL LEDGER showing what fund the money was taken out of?

    Also I suspect that some invoices have been paid out of the GENERAL FUND (‘cos we were up to the line item in the SINKING FUND forecast) and then in preparation for the AGM they have been magically recategorized to come out of the SINKING FUND. Auuuugggh! This is not transparent financial management.

    Very frustrating!

    I better go for a walk now.