Financial and Accounting Management

We provide comprehensive financial and accounting management services for properties and residents’ associations in Tenerife, ensuring transparency, financial control and the proper administration of the residents’ association’s resources.

Our services include:

• Preparation of the annual budget, detailing projected income and expenditure and their allocation according to contribution ratios, determining the fees payable by each owner.
• Invoicing and comprehensive management of payments, both via direct debit and by deposit into the owners’ association’s accounts (we do not handle cash payments).
• Monitoring, control and chasing of late payers, including debt collection management.
• Control and payment of the community’s financial obligations.
• Settlement and payment of taxes, deductions and fees in accordance with current regulations.
• Preparation of quarterly financial statements for regular and detailed monitoring.
• Submission of annual accounts within the first three months of the following financial year.
• Clear and comprehensible accounting information, facilitating decision-making at residents’ meetings.
• Real-time accounting management, ensuring financial stability and the continuity of community services.
• Archiving and safekeeping of the Owners’ Association’s accounting records.

We work to provide effective financial management for owners’ associations, offering security, organisation and peace of mind to all residents.