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’s administration and accountancy desires.
If you are analyzing this text, you are likely to be an ARLA Property mark member. Every year Property mark regulated retailers are required to submit a purchaser cash exam to renew their membership. In the past, the most effective choice has been an accountant’s record. There’s now an alternative – the TLP Financial HealthChecks.
Read more to apprehend who, how and why to join up ….
So, what is a TLP Financial Healthcheck? Agents complete a web-based totally questionnaire and post supporting files. As this is an internet form 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 are market leaders in customer accounting and patron cash protection services. They identified a need for an alternative to a fashionable bills record.
The Letting Partnership commenced in 2005 and is headed up by means of Jennifer Markham who has labored inside the lettings industry for over 30 years. Today the enterprise works with agents across the United Kingdom whose portfolio numbers range from 20 – seven hundred and each month procedure and pay out in extra of £20m of the purchase money.
Experience counts. When identifying an employer to help with your monetary office work it is critical to pick out an enterprise with a solid, relied on recognition. You can absolutely expect wonderful results and splendid customer support from The Letting Partnership.
You do 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 be used to become aware of discrepancies within the cost, handling, and processing of purchaser cash really, quickly and without the need for 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, their insurers and most importantly most people.
Depending on the scale of your letting’s portfolio, completing the online questionnaire need to take among 1 – 2 hours. You are furnished with a checklist to make sure that you have all of the applicable facts at hand when completing the check. An analytic programme is used to produce a risk record from answers provided by means of the letting agent via an online questionnaire, assisting files submitted concurrently to the questionnaire and next ‘pressure exams’ on banking transactions selected at random by using The Lettings Partnership.
Once the completed questionnaire and assisting documents are submitted the TLP Financial HealthCheck document will be finalized and despatched out. This is usually with you within 10 days.
In addition to presenting economic and due diligence risk evaluation, the HealthCheck record also carries an ‘Observation’ segment which highlights wherein right exercise, legal necessities or TPO guidelines are not currently being adhered to 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 as a minimum 70% in opposition to the value of an accountant’s file.
The Letting Partnership are market leaders in customer accounting and patron cash safety services and can be contacted through telephone on 01903 477900 or with the aid of email: [email protected] kingdom.