Chart of Accounts for Self Managed Strata Company
Hi, I am the new (and first) treasurer of a new self-managed small (20 lots) Strata Company. I am looking for advice how to best setup the Chart of Accounts. Especially how to keep track of the legally required distinction between Admin Funds and Reserve Funds. The quarterly Strata levies contain a Reserve Fund and an Admin fund component. They are paid into the same Bank Account. However at any point in time I need to be able to determine how much each of these funds contain. Day-to-day running expenses will be taken out of the Admin Fund and only major repair maintenance works come out of the Reserve Fund. We will also need to keep track of Construction Bonds. But I guess once I got an understanding how to model the Admin Fund vs the Reserve Fund the Construction Bonds could be managed similarly. Thanks
Accounts list: Delete accounts
I was working with a client again setting up there chart of accounts To have to scroll to the top of the page to press the delete button is clunky, time consuming and not intuitive I would like to strongly sugesst that we can delete from the edit window which can be accessed by double clicking If others agree, please vote for this suggestions to get MYOB moving to improve the system even more! Thanks "Deleting Chart of Accounts lines with ease :-) - complaint and constructive suggestion!"