Client Accounting and the Annual Accountant Report – There Is Another Way
We have all been there. Some days you feel like you are sinking underneath a mountain of paperwork. However, it shouldn’t be like this. The Letting Partnership can assist you in all your letting administration and accountancy desires.
If you analyze this text, you will likely be an ARLA Property Mark member. Property Mark regulated retailers must submit a purchaser cash exam to renew their membership every year. In the past, the most effective choice has been an accountant’s record. There’s now an alternative – the TLP Financial health checks.
Read more to apprehend who, how, and why to join up ….
So, what is a TLP Financial health check? Agents complete a web-based total questionnaire and post supporting files. As this is an internet forum, the need for lengthy accountants’ visits is removed, and the info may be finished at a time most suitable for you and your business.
TLP Financial HealthChecks had been developed via The Letting Partnership. The Letting Partnership is the market leader in customer accounting and patron cash protection services. They identified a need for an alternative to a fashionable bill record.
The Letting Partnership commenced in 2005 and is headed up using Jennifer Markham, who has labored in the lettings industry for over 30 years. Today the enterprise works with agents across the United Kingdom. Their portfolio numbers range from 20 – seven hundred, and each month, procedure and payout an extra £20m of the purchase money.
Experience counts. When identifying an employer to help with your monetary office work, picking out an enterprise with solid, relied-on recognition is critical. You can expect beautiful results and splendid customer support from The Letting Partnership.
You no longer want any accounting knowledge, as The Letting Partnership might be processing and auditing the information you provide. The TLP Financial Healthcheck gives a uniform and standardized system that may become aware of discrepancies within the cost, handling, and processing of purchaser cash quickly and without an on-website accountant visit.
The manner is a sturdy ‘client cash’ financial and due diligence chance evaluation mainly designed for Client Money Protection scheme vendors, insurers, and most people.
Depending on the scale of your letting’s portfolio, completing the online questionnaire needs to take hours. You are furnished with a checklist to ensure you have all of the relevant facts when completing the check. An analytic program produces a risk record from answers provided utilizing the letting agent via an online questionnaire, assisting files submitted concurrently to the questionnaire, and follows ‘pressure exams’ on banking transactions selected randomly using The Lettings Partnership.
Once the completed questionnaire and assisting documents are submitted, the TLP Financial HealthCheck document will be finalized and dispatched. This is usually with you within ten days.
In addition to presenting economic and due diligence risk evaluation, the HealthCheck record also carries an ‘Observation’ segment highlighting wherein proper exercise, legal necessities, or TPO guidelines are not currently being followed or accompanied.
It sounds too precise to be actual, and that’s no longer even the pleasant bit, wait until you listen to the price.
For Property Mark member sellers, the price of a TLP Financial HealthChecks is just £300 (such as VAT) – with no hidden charges! On average, saving agents at a minimum of 70% contradicts an accountant’s file value.
The Letting Partnership is the market leader in customer accounting and patron cash safety services and can be contacted by telephone at 01903 477900 or with the aid of email: info@thelettingpartnership.Co.United kingdom.